Affordable rental homes being planned for Point Breeze

Earlier this week, the Philadelphia Vacant Property Review Committee approved the transfer of two vacant lots in Point Breeze to the Women’s community Revitalization Project to build 30 affordable rental homes on the property.

The lots that will be seeing development are on the 1300 block of S. Capitol St. and the 1400 block of S. Taylor St.

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One of the parcels approved for transfer includes about 13 lots in a block on Taylor Street near Reed, between 24th and 25th Streets.

About a week earlier, the WCRP also obtained transfer of two other Point Breeze parcels, one on Taylor and the other on Capitol Street, from the Philadelphia Redevelopment Authority. Those parcels also would be part of the Mamie Nichols Townhomes.

Lichtash said her organization – which has built other affordable-housing developments, mostly in North Philadelphia – first must raise about $12 million. It will take one to two years to obtain the financing, and about a year after that for construction.