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
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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
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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/