North Hills & Crest Manor
Investment Efforts
The MCHA is partners in two mixed finance developments in Montgomery County, PA—North Hills Manor and Crest Manor.
North Hills Manor
In Fall 2022, the newly constructed North Hills Manor was completed. The original development was a 50 unit, row home, public housing community built in the 1950s. The new North Hills Manor is a $22 million investment built on 3.03 acres in the North Hills community of Upper Dublin Township, Montgomery County, PA. The redevelopment emerged out of an 18-month extensive community engagement process, resulting in 50 units for households at 60% of AMI and below (LIHTC and PVB units) in sizes ranging from one bedroom to 4 bedroom units; 6 of the units are fully accessible- of every unit type, as well as an ADA compliant community building. The entire property is LEED- GOLD certified. The MCHA continues to own the land under a long-term, 65-year ground lease to the partnership and is a member of general partner together with the developer, Penrose Properties who also manages the property.
https://www.pennrose.com/apartments/pennsylvania/north-hills-manor/
Crest Manor
Crest Manor is an affordable housing community on two lots, totaling 4.48 acres, in the Crestmont neighborhood of Abington Township., Montgomery County PA. The original 40-unit development was built in 1962 as public housing. The $18 million revitalization, completed in 2017, involves the substantial rehabilitation of 30 of the two-story twin units, as well as the demolition and replacement of eight of the twin units. The development now includes 46 twin and apartment units in a mix of one-, two-, three-, four- and five-bedroom sizes, affordable to tenants at 60% and below of AMI; 24 units are public housing, 16 are PBV and 6 are LIHTC only. Four new fully accessible UFAS designated units were added as well as an ADA compliant community building. The entire property is LEED- GOLD certified. The MCHA continues to own the land under a long-term 99-year ground lease to the partnership and is a member of general partner together with the developer, Penrose Properties who also manages the property.
https://www.pennrose.com/apartments/pennsylvania/crest-manor/
