The mission of Progressive Housing Ventures is to create new residential communities in Philadelphia’s older suburbs which are ripe for redevelopment, and to help revitalize neighborhoods in the process. New homes within walking distance of public transit and town centers cater to changing market preferences for green-built, walkable lifestyles. They can also catalyze solutions to entrenched problems in the existing neighborhood. Here are just a few examples:
Helping a Hospital Be a Good Neighbor with an Innovative Infill Solution
Main Line Health (MLH) faced the choice of holding on to a 1950’s era
garden apartment complex adjacent to Bryn Mawr hospital or of selling the property.
Spurring Neighborhood Revitalization with New Homes and Special Financing
Main Line Health faced the choice of either holding on to 24 garden apartment units adjacent to Bryn Mawr Hospital, which were leased to medical residents, or selling the property.
Controlling Flooding by Creating Affordable Homeownership for First Time Homebuyers
Downingtown Borough enjoys a location exceptionally proximate to regional rail, major commuting arteries, parks and good schools. However, the former paper mill town is also situated at the mouth of the Brandywine River and is prone to chronic flooding.