From The Real Deal · Holden Walter-Warner · · 40s
Standard Communities targets Philly affordable housing
Standard Communities buys $29.3m Philly housing complex for community focus.
In brief
Standard Communities buys $29.3m Philly housing complex for community focus. Standard Communities acquires The Helston in Philadelphia for $29.3 million to fund affordable housing in the area. Originally reported by The Real Deal.
Standard Communities acquires The Helston
Standard Communities buys The Helston in Philadelphia's Wynnefield Heights neighborhood for $29.3 million.
First investment in Philly metro
Standard Communities makes its first Philadelphia metro investment through its Community Reinvestment Act fund.
Housing complex details
The Helston has 186 units, mostly for those earning less than 80% of area median income.
The essence
Standard Communities acquires The Helston in Philadelphia for $29.3 million to fund affordable housing in the area.
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