RIDLEY TOWNSHIP, Pa. — Pennrose, the Delaware County Housing Authority (DCHA), The County of Delaware and the Pennsylvania Housing Finance Agency (PHFA) have closed on financing for the final phase of the Kinder Park redevelopment in Ridley Township, near the Philadelphia International Airport.
Phase IV will add 96 units of affordable seniors housing to the Kinder Park site, which already features 160 existing affordable apartments for seniors and individuals with disabilities, 154 townhomes, a community building and several community parks. The final phase is slated for completion in the spring of 2022.
The new, six-story building includes a mix of one- and two-bedroom apartments available for residents earning less than 60 percent of the area median income (AMI). Of the total units, 51 will be subsidized by DCHA’s Annual Contribution Contracts (ACC) and 45 will be supported by Project Based Vouchers (PBV).
DCHA selected Pennrose as developer of the four-phase Kinder Park revitalization in 2012. The original development consisted of 160 independent living apartments for seniors and individuals with disabilities,156 semi-detached family rental homes, DCHA offices, and community and maintenance buildings. Through the first three phases, the townhouses and community buildings were replaced, and the maintenance buildings were demolished or refurbished.
Funding contributions came from the Delaware County Housing Authority, the Pennsylvania Housing Finance Agency, The County of Delaware, the Commonwealth of Pennsylvania, Hudson Housing Capital, and Citizens Bank. Project partners include WRT as the master planner and architect, Kelly and Close Engineers as the civil engineer, and McDonald Building Co. as general contractor.