PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.
Project HOME Celebrates Ribbon Cutting for the Connelly House
On May 17th, 2011, after years of planning and construction, Project H.O.M.E. and Bethesda Project partnered with Mayor Michael A. Nutter, Congressman Chaka Fattah, Cardinal Justin Rigali and Brian Hudson from the Pennsylvania Housing Finance Agency, to unveil Connelly House. The first LEED-certified, affordable housing facility in Center City is named for the philanthropic legacy of John F. and Josephine C. Connelly, founders of the Connelly Foundation. The two nonprofit organizations are dedicated to serving the needs of the homeless and formerly homeless Philadelphians, and worked in partnership for the first time to build a facility that houses 79 men and women.
For more on the Connelly House, click here. For more on Project HOME, click here.
PACDC Fact
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The Philadelphia Housing Trust Fund has raised more than $67 million in revenue since September 2005 to expand housing opportunities for Philadelphia families.
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The CDC Tax Credit Program has fostered 30 partnerships between businesses and CDCs that is providing $30 million in new funding to support neighborhood economic development.
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PACDC’s Member Services programming builds the capacity of CDCs through technical assistance and training, the sharing of ideas, best practices, and promotion of the local CDC industry.
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