{"id":1004050289,"date":"2012-10-01T21:05:04","date_gmt":"2012-10-02T05:05:04","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=71221"},"modified":"2020-04-07T06:06:39","modified_gmt":"2020-04-07T14:06:39","slug":"first-affordable-housing-for-gay-seniors-to-break-ground-next-month","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/first-affordable-housing-for-gay-seniors-to-break-ground-next-month\/","title":{"rendered":"First Affordable Housing for Gay Seniors to Break Ground Next Month"},"content":{"rendered":"<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/09\/LGBT-Housing.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-71222\" title=\"LGBT Housing\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/09\/LGBT-Housing.jpg\" alt=\"\" width=\"300\" height=\"184\" \/><\/a>By Veronica Grecu, Associate Editor<\/p>\n<p style=\"text-align: justify;\">A $20 million affordable housing community for elderly gay seniors will break ground in October thanks to a grant from the Pennsylvania Housing Finance Authority. According to <em>The Philadelphia Gay News<\/em>, the $12 million low-income tax credits were purchased by Wells Fargo Bank, while the remaining $8 million is being secured by city and state funding.<\/p>\n<p style=\"text-align: justify;\">The development team led by a joint venture between the Dr. Magnus Hirschfield Fund and Pennrose Properties has already started cleaning up the site at 249-257 S. 13<sup>th<\/sup> Street in Philadelphia\u2019s lively Washington Square West neighborhood, a property that until recently was owned by the Philadelphia Redevelopment Authority.<\/p>\n<p style=\"text-align: justify;\">Backed by Mark Segal, who serves as a publisher for <em>The Philadelphia Gay News<\/em> and president of the Dr. Magnus Hirschfield Fund, the project calls for a six-story building designed by WRT Design for low-income gay residents aged 62 and older. The L-shaped building will include 56 one-bedroom units and 2,700 square feet of ground floor commercial space that will be available for LGBT community purposes.\u00a0The building will also feature common laundry facilities and a 6,000-square-foot courtyard that will be private to residents. Slated for completion for late 2013, the development will be the first affordable housing facility for the LGBT community in the city.<\/p>\n<p style=\"text-align: justify;\">Though Philadelphia has one of the largest and most thriving LGBT communities in the country, housing options have always been a sensitive topic for community members according to a previous <strong><a href=\"https:\/\/www.multihousingnews.com\/news\/lgbt-affordable-seniors-housing-first-for-philadelphia\/1004052647.html\" target=\"_blank\" rel=\"nofollow\">MHN story<\/a><\/strong>. By committing to this residential building, the development team hopes to offer some LGBT-friendly atmosphere in the growing \u201cgayborhood\u201d that\u2019s taking shape in the area.<\/p>\n<p style=\"text-align: justify;\"><em>Rendering courtesy of WRT Design<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Veronica Grecu, Associate Editor A $20 million affordable housing community for elderly gay seniors will break ground in October thanks to a grant from the Pennsylvania Housing Finance Authority. According to The Philadelphia Gay News, the $12 million low-income tax credits were purchased by Wells Fargo Bank, while the remaining $8 million is being [&#8230;]<\/p>\n","protected":false},"author":1269,"featured_media":1004507437,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1494],"tags":[],"class_list":["post-1004050289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-philadelphia"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>First Affordable Housing for Gay Seniors to Break Ground Next Month - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/first-affordable-housing-for-gay-seniors-to-break-ground-next-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Affordable Housing for Gay Seniors to Break Ground Next Month\" \/>\n<meta property=\"og:description\" content=\"By Veronica Grecu, Associate Editor A $20 million affordable housing community for elderly gay seniors will break ground in October thanks to a grant from the Pennsylvania Housing Finance Authority. 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