NKCDC is hiring

As Accounting Clerk you will support critical accounting and financial systems for a respected nonprofit corporation. Learn more.

NeighborhoodLIFT

For a limited time, a few additional NeighborhoodLIFT downpayment assistance grants are available. These may not be combined with the Project Reinvest loans below. Learn more here.

Project Reinvest: Homeownership

FINANTA and NKCDC are dispersing hundreds of $10,500 down payment assistance loans to eligible homebuyers in Philadelphia. More.

FINANTA y NKCDC se están asociando para otargar préstamos de $10.500 de asistencia de pago inicial a los compradores elegibles de Filadelfia a través de Project Reinvest: Homeownership. Más.

First-Time Homebuyer Workshops

Buy your first home like a pro. Four-hour workshops, two times each month.

Free housing counseling

Take advantage of all available resources for homeowners, homebuyers and renters. Call 215-427-0350 or request an appointment here.


Looking south from Orinoka Civic House

ORINOKA APTS STILL LEASING

Rents range from $564 to $802 depending on income

After a deluge of applicants in March, Orinoka Civic House still has apartments available for more than a dozen families.

NKCDC's $17.8 million mixed-income development in Kensington opened its doors in July, and many apartments are already occupied.

Accessible laundry & apartment

"We received an overwhelming number of applicants at 20 percent Area Median Income," said said Barb Varela, Managing Director of Real Estate and Finance at NKCDC. "Those apartments are full. But we don't have enough applicants to fill the apartments listed for 50 and 60 percent of AMI."

Tax credit buildings like Orinoka give private development dollars and non-profit entities the ability to offer the same amenities to all families that apply, regardless of income. But to make a project financially sustainable, developers need to offer apartments at different rents for different income levels.

NKCDC is now seeking tenants who earn 50 to 60 percent of the area's median income. A one-bedroom apartment that rents for $564 a month, for instance, requires an annual income of at least $16,920. A two-bedroom apartment that rents for $622 requires an income of at least $18,660 annually.

"The apartments are modern classic with large windows, large kitchens with stainless steel appliances, wide counter tops and beautiful cabinets," said property manager Marilyn Cruz. "Bedrooms have exposed brick and good storage. There's secure, on-site laundry."

"The apartments are amazing," Varela agreed. "The rooms have a million-dollar view. You can see the bridges on the Delaware River."

Applications are available online at orinokacivichouse.com/apartments and at Coral Street Arts House, 2446 Coral Street, Philadelphia, PA 19125.

Who is NKCDC?

New Kensington Community Development Corporation strengthens the physical, social and economic fabric of Philadelphia communities through sustainable development and community building. NKCDC empowers residents and promotes resident-driven development. With more than 30 years of experience, we've developed a multifaceted approach to neighborhood revitalization.

New Kensington Community Development Corporation
2515 Frankford Avenue, Philadelphia, PA 19125
P: (215) 427-0350  |  F: (215) 427-1302  |  info@nkcdc.org
© 2017 all rights reserved