Community members, elected officials, and funders joined Nolen Properties to celebrate the groundbreaking of Nugent Senior Apartments in Mt Airy. Originally built in 1895, the “Nugent Home for Baptists” will be restored and converted into 57 affordable senior apartments. A new addition on the rear of the building will offer greater design flexibility and interior community space. Alan Greenberger, Deputy Mayor for Economic Development and Director of Commerce, said “The investment in Nugent will not only transform a vacant structure into quality housing for our seniors, but will also preserve the neighborhood’s history, improve the quality of life for local residents, and create a more attractive community for additional investment in the surrounding area.” Nugent was originally built by philanthropist George Nugent for the care of elderly Baptist Ministers and their wives. The Nugent building was placed on the National Register of Historic Places in 2006 after its owner failed in its attempt to secure demolition permits; Nolen Properties acquired the building shortly thereafter. In 2011, Nolen Properties completed construction of the adjacent Presser Senior Apartments, a similar conversion of a historic building into 45 affordable senior apartments.
Councilwoman Cindy Bass said, “Restoring Nugent strengthens our community in so many ways – it decreases blight, increases property value, creates housing opportunities, and reminds us what a historic and lively community we live in.”
Six apartments will be fully handicapped accessible and three will be designed for residents with sensory impairments. Six will be affordable to seniors with incomes less than 20% Area Median Income (AMI) (maximum household income for one person is $17,150) and the remainder will be affordable to seniors with incomes between 50% and 60% AMI (maximum household income for one person is $34,260). There will be seven efficiencies and 50 one-bedroom apartments with rents ranging between $195 per month to $794 per month.
State Representative Rosita Youngblood said, “The restoration of Nugent is a victory for so many in our community who fought for its preservation. It will remove blight and help beautify our neighborhood, create jobs, and provide quality and safe housing for our senior residents. Thank you to Nolen Properties and all the partners for making this possible.”
The development includes a community room, a large porch, and laundry facilities on each floor. The large lawn between Nugent and Presser will be preserved. Philadelphia Senior Center will provide supportive services to the residents and will also provide resident referrals. The City of Philadelphia is providing $2.6 million. Nugent also received a Pennsylvania Housing Finance Agency (PHFA) Low Income Housing Tax Credit award. Brian Hudson, executive director of PHFA, said, “Investing in Nugent is investing in the neighborhood, the residents, and the City’s history. Transforming this vacant structure into housing helps the community, the local economy, and maintains an important piece of history.” Jim Nolen, president of Nolen Properties, said, “We are thrilled to be able to restore Nugent back into a beautiful place to call home once again. Thank you to the neighbors, the City, and our funders for support of this extraordinary project.”