[NEWS] Project HOME’s LGBTQ housing moves forward in North Philly
After a bit of a bidding war emerged for large plot of land in North Philly, some of which was originally intended for an affordable housing project, a bankruptcy judge is set to approve the sales of a portion of the properties to Project HOME.
On Tuesday, U.S. Bankruptcy Judge Magdeline D. Coleman said she would approve the sales of the now-bankrupt North Philadelphia Health System’s properties at Eighth Street and Girard Avenue for a combined $10.25 million, according to the Inquirer. Ironstone Real Estate Partners will acquire the majority of land for $8.5 million, while Project HOME will pay $1.7 million for additional parcels.
In a statement to Curbed Philly, Annette Jeffrey, Project HOME’s vice president of development and communications said, “We are deeply grateful for this outcome.”
For years, Project HOME has had plans to build an affordable housing project geared toward at-risk LGBTQ youth on the site. The non-profit organization had already raised $13.5 million from state grants, the city, and private money. But multiple bids came in for the properties in June, forcing the site to go to bid on August 11.