Non-Profit Organizations to Rehab Derelict Homes in Overbrook; Developer Plans 722 Rental Units in Southwest Philly
- May 31, 2012
June 14-16 will mark the start of a major rehabilitation project in Overbrook, a West Philadelphia neighborhood with below-average income rates. Volunteers from local companies, community leaders and officials are expected to join in for the rehabilitation of nearly 30 derelict homes and also participate in community clean-up and the installation of a new playground at the Overbrook Environmental Education Center.
The Jon Bon Jovi Soul Foundation, a non-profit organization that offers assistance for programs and partnerships that provide food and affordable housing for those in need while supporting social services and job training programs, joined a revitalization project called Building a Healthy Neighborhood and promoted by Rebuilding Together, Inc., the nation’s leading nonprofit organization providing critical home repairs, modifications, and improvements for America’s low-income homeowners.
In other local news, an affiliate of Korman Residential plans a new affordable housing complex in Southwest Philadelphia. Although the project still needs to be approved by the City Planning Commission, CBS Philly reports that the Korman Company will invest $102 million to develop a 51-building asset totaling 722 rental apartments on a 35-acre vacant parcel owned by the Philadelphia Redevelopment Authority.
According to the Philadelphia Business Journal, the vacant property is located at 84th Street and Lindburgh Boulevard across from the John Heinz National Wildlife Refuge. An estimated groundbreaking has been set for June 2013; the project will be constructed in four phases and it will take five years to complete.
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