A1: New Market Tax Credits as a Community Revitalization Tool
October 29, 20182:15 pm - 3:30 pm
Sue McPhedran; Jeff Wilush, Toni Marchowsky; Ryanne Shuey
The session will focus on the intricacies of this innovative financing model and the use of multiple financing sources. Currently under construction in two phases, New Market West is a mixed-use development that will transform a 1.5 acre vacant site in West Philadelphia and is a key component of the neighborhood’s revitalization strategy. Phase One is a 135,700 square foot LEED commercial/retail building anchored by Horizon House and ACHIEVEability with early childhood education, retail and parking; Phase Two includes 41 affordable apartments.
Moderator & Speaker: Sue McPhedran, Director of Development, Philadelphia Region, Mission First Housing Group
Speakers: Jeff Wilush, President and CEO, Horizon House; Toni Marchowsky, Special Assistant, Office of State Senator Vincent Hughes; Ryanne Shuey, Vice President, Tax Credit Investment Group, PNC Bank