PHA Makes History in Olney with Opening of Latest Property Suffolk Manor
PHA's Carl Greene is joined by Commr. Nellie Reyolds, Councilwoman Donna Reed-Miller, Commr. Pat Eiding, and Councilwoman/PHA Commr. Jannie Blackwell at the ribbon cutting for Suffolk Manor.

97 year old Mattie Mae Williams celebrated her birthday by moving into one of the newly renovated units at Suffolk Manor.

Suffolk Manor now features fully loaded kitchens while retaining its historic features and beauty.
PHILADELPHIA, PA (October 27, 2003) - The Philadelphia Housing Authoritys newest property is also its oldest. Thanks in part to historic tax credits, PHA was able to acquire and redevelop Suffolk Manor, an apartment complex built in 1929. PHA Executive Director Carl Greene said the property had deteriorated into a state of severe disrepair. We saw this as a great opportunity to convert a building which had fallen on hard times into modern affordable housing, Greene said.

PHA sought and received special designation from the Commonwealth of Pennsylvania and the National Park Service making the building a historical site. That cleared the way for the historic rehabilitation tax credits. PHA has made extensive use of Low Income Housing Tax Credits (LIHTC) to raise capital for new construction throughout the city and has done so again in this case. However, Suffolk Manor marks the first time PHA has also received historic tax credits.

The overhaul of the 137-unit complex cost $24 million, of which $13 million is coming from tax credits. The remainder of the funding is a combination of federal capital grants and the diversion of rental voucher money.

The outside of the five buildings has been restored to its original beauty while the apartments have been totally renovated with all the modern amenities. The first residents are now moving in. PHA expects the building to be completely occupied by mid-December. The complex includes 119 one-bedroom apartments and 18 two-bedroom units. Seventy-seven of the apartments are reserved for seniors only.

The redevelopment is expected to provide an immediate boost to both the quality of life and the economy in the Fern Rock/Olney section of North Philadelphia. Carl Greene said the complex is a great example of how funds earmarked for public housing can be used to lift an entire community.

About PHA

PHA is transforming public housing in the city of Philadelphia. As the nations fourth largest public housing agency serving more than 76,000 residents, PHA is the first housing authority in the U. S. designated by the Institute of Real Estate Management (IREM) of the National Association of Realtors as an Accredited Management Organization. This designation is awarded to firms engaged in property management that have met IREMs high standards in the areas of education, experience, integrity and financial stability.