Pennsylvania officials have awarded affordable housing developer Mission First Housing Group a $5 million grant to help build a complex of apartments, shops, offices, and early-learning classrooms at 59th and Market Streets in West Philadelphia.
The New Market West project, slated to cover an entire block, was Philadelphia's biggest recipient of funds from the most recent round of Redevelopment Assistance Capital Program awards, Gov. Wolf's office said Friday. The release did not include an already announced award from the 2017 RACP round to develop Aramark's new headquarters at 2400 Market St.
Statewide, 399 projects sought over $1.7 billion in RACP funding in 2017; 149 received grants totaling $187.8 million. New Market West was one of only 17 to have its complete request satisfied.
The $63 million development is to include 41 dwelling units, nearly 68,000 square feet of office space and 13,700 square feet of ground-floor retail. Tenants will include social services provider ACHIEVEability.
"New Market West will be a game-changer for West Philadelphia and will serve as a springboard for ACHIEVEability to deepen its good work," Mission First CEO Alfredo de la Pena said in a statement.
Throughout Philadelphia and Bucks, Chester, Montgomery and Delaware Counties, $55.7 million was awarded, Wolf's office said. Area projects funded include: