A Mt. Airy landmark is being reborn.
Nolen Properties broke ground on what will become Nugent Senior Apartments, located on Johnson Street, in Mt Airy on Dec 6. The house, which was originally built in 1895 according to a release from Nolen Properties, will be restored and converted into 57 affordable senior apartments.
The project will include a new addition on the rear of the building, according to the release.
“The investment in Nugent will not only transform a vacant structure into quality housing for our seniors, but will also preserve the neighborhood’s history, improve the quality of life for local residents,” Alan Greenberger, Deputy Mayor for Economic Development and Director of Commerce, said in a statement.
Nugent was originally built by philanthropist George Nugent for the care of elderly Baptist Ministers and their wives. The Nugent building was placed on the National Register of Historic Places in 2006 and acquired by Nolen shortly after.
Councilwoman Cindy Bass, who was present at the event, said in a statement that she supported the project.
“Restoring Nugent strengthens our community in so many ways – it decreases blight, increases property value, creates housing opportunities, and reminds us what a historic and lively community we live in,” she said in a release.
From the release:
Six apartments will be fully handicapped accessible and three will be designed for residents with sensory impairments. Six will be affordable to seniors with incomes less than 20% Area Median Income (AMI) (maximum household income for one person is $17,150) and the remainder will be affordable to seniors with incomes between 50% and 60% AMI (maximum household income for one person is $34,260). There will be seven efficiencies and 50 one-bedroom apartments with rents ranging between $195 per month to $794 per month.
The development includes a community room, a large porch, and laundry facilities on each floor. The large lawn between Nugent and Presser will be preserved. Philadelphia Senior Center will provide supportive services to the residents and will also provide resident referrals.
The City of Philadelphia is providing $2.6 million. Nugent also received a Pennsylvania Housing Finance Agency (PHFA) Low Income Housing Tax Credit award.
Brian Hudson, executive director of PHFA, said, “Investing in Nugent is investing in the neighborhood, the residents, and the City’s history. Transforming this vacant structure into housing helps the community, the local economy, and maintains an important piece of history.”
Jim Nolen, president of Nolen Properties, said, “We are thrilled to be able to restore Nugent back into a beautiful place to call home once again. Thank you to the neighbors, the City, and our funders for support of this extraordinary project.”