READING, Pa. – A project that aims to bring more than 45 affordable apartments to Reading is closer to becoming a reality.
$17 million dollars from low-income housing tax credits are pushing forward a project to make a building at South 6th and Chestnut streets into affordable housing for seniors. The move comes one year after the state kicked in $1 million dollars in grant money.
“We actually have twelve different funding sources to be able to make up the entire picture of the whole financial landscape, so it takes quite a bit of coordination with partners and financial partners and foundations in order to make the full capital stack,” said Kimberly Krauter, senior vice president of real estate development for HDC MidAtlantic…