Frankford House LP
Frankford House LP; four-story new construction, 4
42 housing units sold, across 1 properties · Frankford House LP
What is missing from the record
Steps with no date on record, or that the record shows were stopped. A step that is not on record may still have happened.
- Deed into the Land BankMissing from our records
No recorded deed into the Land Bank in the transfer data
Who could answer: Land Bank staff
Where this project stands
Five steps, from the Board agenda to the closing. A disposition is the sale or transfer of a Land Bank property. The Council step is City Council's approval of the sale, which comes after the Board's approval.
- 1. On a Board agendaDoneJun 8, 2021
- 2. Board approvalDoneJun 8, 2021
- 3. Council approval of the dispositionDoneJun 17, 2021
- 4. Deed into the Land BankMissing from our recordsno date on record
- 5. ClosingDoneMar 8, 2022
Board hearings
One row for each Board hearing where this project was on the agenda. Fewer than six approving votes means no decision was reached; it is not a denial. Speakers and letters are public comments on the item.
| Date | Agenda item | Outcome | Vote as recorded | Public speakers | Letters |
|---|---|---|---|---|---|
| Jun 8, 2021 | 4.C.2 | Approved | unanimous | 0 | 0 |
Closings
From the Land Bank's settlement records.
| Purchaser | Closing date | Price | Appraised value | Units | Council resolution |
|---|---|---|---|---|---|
| Frankford House LP | Mar 8, 2022 | $1 | $430,000 | 42 | 210558 |
Days from the first Board approval to each closing: 273.
People and organizations
- Applicant
- Frankford House LP
From the record
Passages quoted from the Board's minutes, packets and transcripts. 2 of 2 shown.
… of 3252 Germantown Avenue to Germantown Liberty Acquisitions, LLC (attached to these minutes as Exhibit C). • 1611-41 Ruan Street to Frankford House LP (CD7) Mr. Lawrence asked the Board to authorize the disposition of 1611-41 Ruan Street to Frankford House LP for nominal consideration for the development of a 4-story apartment building for very- low-income seniors. All forty-two (42) units will be leased to tenants with household incomes at or below 60% of AMI, and fourteen (14) of the units will be handicapped accessible. Evidence of project financing has been provided; this projec…
Minutes · Jun 8, 2021, item 4.C.2 · packet p. 7 · PLB Board Package for 7.13.2021 Board Meeting.pdf
Agenda · Jun 8, 2021, item 4.C.2 · packet p. 2 · PLB Board Package for 6.8.2021 Board Meeting.pdf
Properties (1)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 1611 RUAN ST | 886000276 | Closed | not on record | Mar 8, 2022 | none found |
Sources: Board minutes and packets; PHDC workbook. Built from the Land Bank Board's minutes, packets and transcripts, the Land Bank's settlement workbook, and City Council records.