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Sansom Street:
Four years ago, Mayor Street signed the Neighborhood Transformation Initiative,
a $295 million blight-removal measure, under a tent on the 4500 block
of Sansom Street. Last year, The Partnership CDC became the first entity
in the city to bring a project to the market under NTI, selling 7 of what
are expected to be 40 rehabilitated or newly constructed homes.
This project has transformed one of the most dangerous blocks in West
Philadelphia into an area that is attracting new residents while holding
onto those who want to stay. By the end of 2006, 15 houses will have been
completely remodeled, most at market rate, and construction should be
underway for 2-4 units of affordable housing as well.
Working with Northstar KAG, a for-profit builder, the CDC expects to
begin construction of brand new housing on the 4600 block of Sansom Street
in 2007 as well. This project will also be a mixed income development
that not only provides housing, but also jobs for local residents, opportunities
for minority contractors, and apprenticeships for young people interested
in learning a trade. When complete, the cost of the project will be over
$12,000,000.
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