Crescent Apartments Receives Financing From State

by Michael Sriprasert
PHLF News
August 5, 2009

The Pennsylvania Housing Finance Agency recently awarded PHLF tax credits for the Crescent Apartments project, a 27-unit restoration development of two historic structures in the Hamnett Place neighborhood of Wilkinsburg.

This $9 million dollar project will be the largest to date in Wilkinsburg, and will have a transformative effect on Hamnett Place, which is soon to be listed on the National Register of Historic Places.

The Crescent and Wilson House will have a community room, a computer facility, and all units will be hard wired for high speed internet. Social services will be provided by Hosanna House both on and off-site.

The Crescent Apartments is adjacent to the Housing Resource Center (HRC) and the housing restoration work ongoing in the area, all of which are PHLF initiatives. It will also contain a field office for LCCC.

The HRC and housing restoration, in addition to the Crescent, will bring PHLF’s investment to over $11 million dollars in Wilkinsburg. Sota Construction is the general contractor of the Crescent project, Landmarks Design Associates is the architect, and NDC Real Estate Management is the management agent.