This article was posted on the Philadelphia Real Estate Blog, which seems to be connected to Coldwell Banker Preferred Realtor Noah Ostroff. In it the writer continues the discussion of last week’s neighborhood group meeting where Ori Feibush’s proposed development at 17th and Titan raised neighborhood hackles.
What seems to be missing in this discussion is a presentation of the 40 new homes currently being built in Point Breeze under the Neighborhood Stabilization Program (NSP). These homes, some of which are being build by private developers (us, for example – see our six homes here), will be made available to buyers who meet certain income restrictions. The Philadelphia Redevelopment Authority (the renamed RDA) is administering the NSP program and is doing an admirable job of getting these homes to the market.
The NSP homes site presents detailed information on locations and how to qualify to purchase these homes. It is unclear whether tensions will continue to rise in this neighborhood in transition, but we do hope that cooler heads prevail and allow for reasonable development in the area.
Read more: Will bending over backwards be good enough for the opponents? | Philadelphia Real Estate Blog.
