Friedland said the company was not speculating on expiring affordable housing developments and had no plans to convert properties like Center Post Village, which now sits amid an increasingly valuable life science hub and will be up for a HUD renewal again in 2024. He said the guaranteed income streams associated with project-based vouchers was a key part of the company’s long-term strategy and that the company had “no incentive” to move away from affordable housing.
1,700 units of housing are set to vanish in the next 5 years. There’s little Philly officials can do
