Kensington housing complex complete

Natalie Kostelni, Staff Writer
Philadelphia Business Journal

“A $14.3 million affordable housing development has been completed in the Kensington neighborhood of Philadelphia.

Tajeed Residences at Cadwallader Street and West Oxford Street has three buildings totaling 60,000 square feet over a city block.

It has 45 apartments and was developed by an entity called Tajdeed Redevelopment Associates, a partnership that involved Conifer Realty, a Rochester, N.Y., developer, and Arab-American Development Corp., which has been doing work in Kensington since 1997.

The project was funded through a variety of sources including $2.1 million from the city, $10.9 million in low-income housing tax credits, and a $1.3 million loan.

The units are affordable to any income-qualified tenants.

The development includes a community room with kitchenette, lounge area, exercise room, computer lab, laundry room, a community garden and an 8,000 square feet of green roof.”

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