Housing

To address the shortage of safe, clean, affordable housing in high-cost areas, Building America seeks to include a housing component in its projects. Our 2010 and 2011 allocations have financed 505 units of housing in mixed-use projects, which are located close to transportation systems for ease of access to the broader community.

The 225 Centre Street project has 103 units of which 35 are affordable to lower-income households with incomes below 60% area median income (AMI). The Paseo Verde project in Philadelphia has 120 units of affordable and workforce housing with 53 units affordable to families with household incomes between 20% and 60% of AMI. The other 67 units are targeted to low-income families making less than 100% AMI. The Halsey Street Workforce Housing Project A and B will provide a total of 204 units of housing affordable to families earning under 80% of AMI and Stout Street Health Center & Renaissance Lofts will provide 78 units of affordable, mixed-income, supportive housing.