When local leaders formed Mt. Vernon Manor CDC in 1977, its primary purpose was to provide safe, high-quality affordable housing to the residents of Mantua. To accomplish that goal, the organization secured funding to acquire and renovate 125 apartments in buildings scattered across eastern Mantua. Beginning in 1978 when the first buildings were bought, and for many years thereafter, MVMCDC was a diligent steward of these homes.
Thirty-five years later, the population and prosperity of the city and the neighborhood had waned and the buildings had fallen into decline. So, the newly reorganized MVMCDC board, in concert with Mantua residents and other stakeholders, made the renovation of the Mt. Vernon Manor Apartments a top priority of the community development agenda laid out in the Mantua Transformation Plan.
The scale of the task of revitalizing the MVM Apartments was such that the board and its partners determined to undertake the work in two phases. Phase II, consisting of the renovation of forty-six apartments, began early in 2015, following shortly on the completion of Phase I. The $13 million Phase II redevelopment project was supported by the City of Philadelphia’s Department of Housing and Community Development, the Pennsylvania Housing Finance Agency, and TD Bank and was completed in the spring of 2017.
For information about leasing an apartment at Mt. Vernon Manor Phase II, please contact the Leasing Office at 215-222-8300 or visit 624 N. 34th Street, Philadelphia, PA 19104.