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CITYSCAPE: PHA auction is today - if you can afford it
Today, the Philadelphia Housing Authority auctions off 400-plus properties - but will local developers be able to purchase the large bundles of lots?
CITYSCAPE: PHA auction is today — if you can afford it
This afternoon, the Philadelphia Housing Authority will auction off more than 400 properties, which could be a great step in helping chip away at the city's nagging blight problem. Developers are lauding the organization and transparency of the process, but some question the decision to bundle the majority of the properties into groups as large as 25 separate lots. That could lock out many small-scale developers, as well as local people who are looking at side yards are community gardens.
The auction is today at 2 p.m. at the Westin. Check out the full list of properties and an interactive map here.
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