PHA Opens Another New Development - Cambridge Plaza in North Philadelphia
Ribbon Cutting.
Executive Director Carl Greene
& Mayor John Street toured thenew homes.
New Cambridge Homes.
PHILADELPHIA, PA (September 30, 2003) - The Philadelphia Housing Authority (PHA) today unveiled its latest new community with the opening of Phase I of Cambridge Plaza in North Philadelphia. The initial phase is comprised of 44 homes, with another 80 to be built in Phases II and III.

PHA Executive Director Carl Greene says this development was made possible through the diversion of funds earmarked for the Housing Choice Voucher program. "PHA believes that it makes the most sense in Philadelphia to use voucher money to build beautiful, modern homes that add quality and value to neighborhoods," Greene said.

Under a special designation called Moving To Work (MTW) PHA has the flexibility to shift funds among programs to best meet the housing needs of low to moderate-income residents. With a dire need for affordable housing and a market finding it difficult to absorb more vouchers, PHA has shifted millions of dollars into the construction and renovation of public housing units.

This new development replaces two high-rise buildings that had become outdated before being imploded on July 1, 2001. PHA has demolished 20 high-rises over the last several years as it moves away from that style of public housing.

Carl Greene says he hopes the new Cambridge will help erase the bleak memories of what the old high-rises had become. "You'd pick up the paper and read about children falling out of windows to their deaths. It's hard to imagine as you look at these new homes that people were asked to live in those conditions," said Greene.

Mayor John Street says he too, remembers how the neighborhood used to look. "If you ever wanted to see an example of neighborhood transformation, check out a before and after shot of Cambridge. Those pictures will tell you where Philadelphia was and where it's going."

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.