Saturday, April 13, 2024

Reinvestment Fund Profile: Neighborhood Restorations LP (NRLP)

For two decades, The Reinvestment Fund (TRF) has partnered with Neighborhood Restorations to revitalize and strengthen West Philadelphia by helping to finance 850 of the more than 1,150 homes and nearly 64,000 sq. ft. of commercial space developed by Neighborhood Restorations. TRF has also worked in partnership with the Jersey City Redevelopment Agency and Interfaith Community Organization to develop Jackson Green, a project comprising 22 owner-occupied townhomes, and with Asociación Puertorriqueños en Marcha (APM), Jonathan Rose Companies, and other partners to complete construction of a $48 million transit-oriented development adjacent to SEPTA’s Temple University Regional Rail Station. The project contains 120 affordable homes and 30,000 sq. ft. of commercial and community space.