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Opening of First Two Phases of Kinder Park Homes Celebrated by Federal and Local Officials
October 28, 2016
Co-developers Pennrose Properties, LLC and the Delaware County Housing Authority (DCHA) celebrated the opening of the first two phases of Kinder Park Homes, the Housing Authority’s flagship master-planned redevelopment. Kinder Park is DCHA’s last major campus redevelopment project planned to be completed for the county.
“Pennrose has valued our long-standing partnership with DCHA,” said Mark H. Dambly, president, Pennrose Properties, LLC. “Our history of collaboration goes back nearly two decades and has resulted in more than 500 new units of quality affordable for the county’s constituents.”
Federal, state and city officials participated in the event. Lawrence Hartley, executive director, Delaware County Housing Authority; Mark H. Dambly, president, Pennrose Properties, LLC; Monica Hawkins, director, Office of Public Housing, U.S. Department of Housing and Urban Development; Holly Glauser, director of development, Pennsylvania Housing Finance Agency; David White, councilman, County of Delaware; Senator Tom McGarrigle, 26th District; and Simon Nadler, community banking district manager, Wells Fargo.
“DCHA has more than 20,000 families on our waiting lists for affordable housing so it is a critical part of our mission to preserve the precious affordable housing assets that have existed in Delaware County since 1937,” said Lawrence Hartley, executive director, Delaware County Housing Authority. “We have only been able to do this by partnering with Pennrose and through the generous support of Federal, State and County funding and the investment of financial institutions like Wells Fargo and Hudson Capital.”
The first two phases of development for the property had a combined total development cost of more than $33 million financed by 9% Low Income Housing Tax Credits (LIHTC) from the Pennsylvania Housing Finance Agency (PHFA), Delaware County HOME funds, HACD Capital Funds from the US Department of Housing and Urban Development, RACP funds from the Commonwealth of Pennsylvania and Tax Credit equity and a construction loan from Wells Fargo Bank.
The Kinder Park Homes affordable housing campus originally included three mid-rise buildings containing 160 independent living apartments for seniors and disabled residents, 156 semi-detached family rental homes, a seldom used community building, two underutilized maintenance buildings and the executive offices of the Delaware County Housing Authority (DCHA). DCHA owns the campus and manages the development.
DCHA had long desired to replace the semi-detached homes, which lacked modern features and amenities, and to build a new community building, renovate a maintenance building and add an additional mid-rise building for seniors equipped with a congregate dining facility. After years of master-planning, the construction of Phase I commenced in August 2014 and included 48 new modern rental townhouses with new utility and road infrastructure, a 4,000 SF state-of-the-art, LEED rated community building. Construction of Phase I was completed in December 2015.
Phase II construction began in August of 2015. This phase included the demolition of 54 units and construction of 50 rental homes, similar in design to Phase I, as well as a renovated a management building. Phase II will be completed in November of 2016. Phase III, which will commence in December of 2016, will include demolition of 54 units and construction of 56 similar rental homes.
The new units feature an architectural style that is in keeping with the surrounding area and will meet EnergyStar 3.0 efficiency requirements. The site design exercises the principles of New Urbanism in an effective and efficient style. The experienced development team of Pennrose, Wallace Roberts and Todd Architects (WRT), Kelly and Close Engineers, Domus Inc. and Innova Services Corporation is pleased to have collaborated on this high-quality affordable housing development with the DCHA.