Presby’s Inspired Life Revitalizes City Block with Low-Income Senior Housing in South Philadelphia
February 01, 2019
On Tuesday, February 12, Presby’s Inspired Life — along with Mayor Jim Kenney and Councilman Mark Squilla, and residents — will celebrate the grand opening of Cantrell Place in South Philadelphia. The site of the new buildings, located on the same street that Mayor Kenney grew up, has revitalized a city block by transforming 33 vacant lots into 61 units of Affordable Housing for Philadelphia seniors.
The grand opening celebration is set to include remarks from Mayor Jim Kenney; Councilman Mark Squilla; Executive Director Greg Heller, Philadelphia Redevelopment Authority; Regional Administrator Joe DeFelice, U.S. Department of Housing & Urban Development; and Senior Executive VP & Chief Development Officer Lopa Kolluri, Philadelphia Housing Authority.
In development since 2011, Cantrell Place meets a critical need for quality, affordable housing for seniors in South Philadelphia. A majority of the new Cantrell Place residents waited in line overnight to receive an application. A portion of the apartments were set aside for homeless and mobility-and sensory-impaired seniors.
“There is a housing crisis in the city of Philadelphia and no group is more impacted by this crisis than seniors,” said Judee M. Bavaria, President & CEO of Presby’s Inspired Life. “It is estimated that the older adult population is set to outpace millennials over the next decade and we know that affordable, quality housing is at a premium. Not ma
ny developers are responding to this need with more urgency than Presby’s Inspired Life. Cantrell Place is one example of how we are fulfilling a critical need for quality Affordable Housing for older adults in Philadelphia, and we are able to do this with help from local officials and organizations like Pennsylvania Housing Finance Agency (PHFA), Philadelphia Housing Authority (PHA), Philadelphia Redevelopment Authority (PRA) and the U.S. Department of Housing and Urban Development (HUD).”
Presby’s Inspired Life’s portfolio includes 36 affordable housing communities in the greater Philadelphia region — most of which, boasts waitlists twice, sometimes triple, the number of units available. Cantrell is one of two new communities that Presby’s Inspired Life has opened in the last two months – Witherspoon Senior Apartments opened on December 13, 2018. It is a 60-unit affordable housing community located on Presby’s 58th Street Campus in Southwest Philadelphia.
Presby was awarded tax-credit funding from the Pennsylvania Housing Finance Agency in July 2016 to develop Cantrell Place. The developer is Domus.