Overview
- The Philadelphia Building and Construction Trades Council will lend $50 million to the Philadelphia Housing Authority, with the city guaranteeing the principal and repayment set over 15 years at 4.5% interest.
- PHA and officials peg the gut rehabilitation at roughly $150 million in total, delivering 336 deeply affordable senior apartments and an estimated 545 union construction jobs.
- Construction is expected to begin in the fourth quarter of 2026 and take about 20 months, pending final approvals and implementation steps.
- PHA purchased Brith Sholom House in 2024 for $24 million after severe code violations and neglect under prior ownership tied to the Puretz family, whose members later received federal prison sentences for fraud.
- Police said a man was found dead inside the vacant complex early Wednesday; the investigation is ongoing and the cause and manner of death have not been determined.