{"id":1004099824,"date":"2014-07-02T12:24:55","date_gmt":"2014-07-02T20:24:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=274229"},"modified":"2020-04-28T01:23:20","modified_gmt":"2020-04-28T09:23:20","slug":"distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\/","title":{"rendered":"Distressed Norris Apartments Housing Complex in North Philadelphia Receives $30 Million Revitalization Grant"},"content":{"rendered":"<p><em>By Veronica Grecu, Associate Editor<\/em><\/p>\n<p>Four communities that are part of the \u201cChoice Neighborhoods Initiative\u201d kicked off July on a strong note. The U.S. Department of Housing and Urban Development (HUD) announced this week that it has awarded a combined $119.7 million to redevelop severely distressed neighborhoods in Columbus, OH, Norwalk, CT, and <a href=\"https:\/\/www.commercialsearch.com\/news\/cities\/pittsburgh\/mosites-selects-morgan-management-to-operate-upcoming-apartments-on-pittsburghs-eastside-larimer-lands-30m-hud-grant-for-housing-redevelopment\/1004099813.html\" title=\"Mosites Selects Morgan Management to Operate Upcoming Apartments on Pittsburgh\u2019s Eastside; Larimer Lands $30M HUD Grant for Housing Redevelopment\" target=\"_blank\">Pittsburgh <\/a>and Philadelphia in Pennsylvania. According to a statement from HUD, the money will be used for the process of transforming, rehabilitating and preserving public housing and privately owned HUD-assisted housing.<\/p>\n<div id=\"attachment_274230\" class=\"wp-caption alignright\" style=\"width: 218px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Philly-HUD.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-274230\" title=\"Philly-HUD\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Philly-HUD.jpg\" alt=\"City of Philadelphia - HUD\" width=\"208\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">City of Philadelphia &#8211; HUD<\/p>\n<\/div>\n<p>Introduced in 2009 under the \u201cWhite House Neighborhood Revitalization Initiative\u201d and as a successor of the HOPE VI program, the \u201cChoice Neighborhoods Initiative\u201d started as a multi-million planning experiment that targeted poor neighborhoods and underdeveloped communities. One such community is located in the north-central section of Philadelphia and contains 147 low-income public housing units between Berks and Norris Streets near Temple University.<\/p>\n<p>The $30 million grant awarded to the Norris Apartments community located at 2037 North 11<sup>th<\/sup> Street will bring a much-needed redevelopment of the building that was completed in the 1950s. An additional $125 million in a combination of federal, state, city and private investment is expected to support the revitalization effort in this section of Philadelphia. Furthermore, a $1 million donation from Temple University will support the creation of educational programs in the neighborhood, according to the <em><a title=\"Philadelphia Inquirer\" href=\"https:\/\/articles.philly.com\/2014-07-01\/news\/51005799_1_choice-neighborhoods-grant-money-philadelphia-housing-authority\" target=\"_blank\" rel=\"nofollow\">Philadelphia Inquirer.<\/a><\/em><\/p>\n<p>Apart from the refurbished 147 apartments at the Norris Apartments site, the revitalization process will bring more than 150 units of affordable units and market-rate units on several vacant lots in the area. With work expected to start in six to nine months, the neighborhood revitalization project is estimated to generate around 600 construction jobs and 300 permanent jobs over the following five years.<\/p>\n<p>Originally proposed by the non-profit organization Asociacion de Puertorriquenos en Marcha (APM), the Norris Apartments revitalization project comes less than one year after the grand opening of the nearby <a title=\"LEED Platinum Certified Paseo Verde Opens in Philadelphia\" href=\"https:\/\/www.multihousingnews.com\/newsletters\/greenbuilding-newsletter\/leed-platinum-certified-paseo-verde-opens-in-philadelphia\/1004094925.html\" target=\"_blank\" rel=\"nofollow\">Paseo Verde<\/a> multifamily complex, the first housing development in the United States to receive LEED Platinum certification. A joint venture between APM and Jonathan Rose Companies, Paseo Verde was developed on a 1.9-acre brownfield at the corner of 9th and Berks Streets in the Temple University area that was decontaminated prior to construction. The project was seen as a veritable milestone in the renaissance of North Central Philadelphia, a largely distressed neighborhood with over 1,400 vacant and blighted properties that encouraged crime and slowed down private investments and economic development.<\/p>\n<p><a title=\"Philadelphia Apartment Market Slightly on the Rise Despite Sluggish Economy\" href=\"https:\/\/www.multihousingnews.com\/market-data\/philadelphia-apartment-market-slightly-on-the-rise-despite-sluggish-economy\/1004104292.html\" target=\"_blank\" rel=\"nofollow\"><strong>Click here<\/strong><\/a> for more market data on <strong>Philadelphia<\/strong>.<\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Four communities that are part of the &ldquo;Choice Neighborhoods Initiative&rdquo; kicked off July on a strong note. The U.S. Department of Housing and Urban Development (HUD) announced this week that it has awarded a combined $119.7 million to redevelop severely-distressed neighborhoods in Columbus, OH, Norwalk, CT, and Pittsburgh and Philadelphia in Pennsylvania.<\/p>\n","protected":false},"author":258,"featured_media":0,"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":[1815],"class_list":["post-1004099824","post","type-post","status-publish","format-standard","hentry","category-latest","category-philadelphia","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Distressed Norris Apartments Housing Complex in North Philadelphia Receives $30 Million Revitalization Grant - 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\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Distressed Norris Apartments Housing Complex in North Philadelphia Receives $30 Million Revitalization Grant\" \/>\n<meta property=\"og:description\" content=\"Four communities that are part of the &ldquo;Choice Neighborhoods Initiative&rdquo; kicked off July on a strong note. The U.S. Department of Housing and Urban Development (HUD) announced this week that it has awarded a combined $119.7 million to redevelop severely-distressed neighborhoods in Columbus, OH, Norwalk, CT, and Pittsburgh and Philadelphia in Pennsylvania.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-07-02T20:24:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-28T09:23:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/07\/Philly-HUD.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Distressed Norris Apartments Housing Complex in North Philadelphia Receives $30 Million Revitalization Grant\",\"datePublished\":\"2014-07-02T20:24:55+00:00\",\"dateModified\":\"2020-04-28T09:23:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\\\/\"},\"wordCount\":421,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/07\\\/Philly-HUD.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Philadelphia\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/distressed-norris-apartments-housing-complex-in-north-philadelphia-receives-30-million-revitalization-grant\\\/\",\"name\":\"Distressed Norris Apartments Housing Complex in North Philadelphia Receives $30 Million Revitalization Grant - 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