Delloso announces $1.25M in tax credits for Collingdale project
RIDLEY PARK, Aug. 14 – State Rep. David Delloso announced Friday that a project in Collingdale has been approved to receive a conditional reservation of $1.25 million in tax credits for the improvement and development of a residential building for people 62 or older.
“This project will help in the significant rehabilitation and new construction of a three-story building that will consist of 50 units,” Delloso said. “State backing will help restore and improve St. Joseph Place, providing much-needed housing for seniors.”
The improvements at St. Joseph Place, 500 Woodlawn Ave., Collingdale include the installation of an elevator in the building. Once completed, the building will consist of 50 one-bedroom units.
The Collingdale project was one of several in Delaware County approved this week. Other projects approved include:
The projects received approval at a meeting of the Pennsylvania Housing Finance Agency Board, Low Income Housing Tax Credits, and Pennsylvania Housing Affordability and Rehabilitation Enhancement. Money for the projects is provided by the Marcellus Shale impact fees, realty transfer taxes and National Housing Trust Fund.