Isaacson applauds New Kensington Community Development Corporation on receiving $150K state grant
PHILADELPHIA, Nov. 6 – State Rep. Mary Isaacson, D-Phila., today announced that the New Kensington Community Development Corp. received a $150,000 grant through the Department of Community Economic Development for new commercial and residential spaces at 2513-15 Frankford Ave. in the 175th Legislative District.
The funds were provided through the department’s Local Share Account – Philadelphia Program, or LSA, and will be used to redevelop a vacant building owned by NKCDC into a mixed-use building consisting of two commercial storefronts and three residential apartments above. It is estimated the project will create six jobs and provide affordable rents for local businesses and residents.
“NKCDC is an asset to the revitalization of the Kensington, Fishtown and Port Richmond neighborhoods through affordable business and housing opportunities,” Isaacson said. “Congratulations to NKCDC for this grant that will help promote equity and economic advancement locally.”
Felix Torres-Colon, executive director of New Kensington Community Development Corp., said the grant will bring the plan East Kensington residents collectively created to bolster the community’s economic viability to fruition.
“NKCDC is very excited to receive this local share grant from Pennsylvania DCED,” Torres-Colon said. “In their neighborhood plan, East Kensington residents asked for development that promotes local businesses and maintains affordability. We look forward to creating commercial space and rental apartments that will add to the lively, walkable neighborhood along Frankford Avenue.”
LSA distributes a portion of slot machine license fees from facilities operating in the city. Funds are available for economic development, neighborhood revitalization, community improvement and other projects in the public interest within Philadelphia.