Closed

Affordable Alliance Company LLC

Development - RFP: 17 affordable single-family hom

17 housing units sold, across 17 properties · Council District 2 · Affordable Alliance Company

What is missing from the record

Every step has a date on record. Nothing is missing from the records we hold.

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. 1. On a Board agenda
    Done
    Apr 12, 2022
  2. 2. Board approval
    Done
    Apr 12, 2022
  3. 3. Council approval of the disposition
    Done
    May 12, 2022
  4. 4. Deed into the Land Bank
    Done
    May 11, 2016 to Mar 16, 2024
  5. 5. Closing
    Done
    May 1, 2023 to Apr 2, 2024

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.

DateAgenda itemOutcomeVote as recordedPublic speakersLetters
Apr 12, 20225.B(1)Approvedunanimous (Board without Harris)209
Jun 13, 2023IV.1.AApprovedunanimous00

How members voted

Shown only where the minutes or a transcript record how a member voted; a voice vote with no names shows no one. Y = yes, N = no, A = abstained, R = recused. A blank cell means no vote by that member is on record for that item.

Member2022-04-125.B(1)
Joshu HarrisR

City Council

City Council resolutions that name this project's properties, from Council's Legistar records. Earlier resolutions often moved the lots into the Land Bank; they are not Council's approval of this sale (step 3 above).

ResolutionSponsorStatusIntroducedAdopted
220389Councilmember JohnsonadoptedMay 5, 2022May 12, 2022
220394Councilmember JohnsonadoptedMay 5, 2022May 12, 2022

Closings

From the Land Bank's settlement records.

PurchaserClosing datePriceAppraised valueUnitsCouncil resolution
Affordable Alliance Company LLCMay 1, 2023$14,000$920,00014220393
Affordable Alliance Company LLCApr 2, 2024$3,000$185,0003220393

Days from the first Board approval to each closing: 384, 721.

People and organizations

Council resolutions naming these properties, sponsored by
Kenyatta Johnson (resolutions 220389, 220394)
Board members with a recorded vote
Joshu Harris (recused)

Public comment

A position is counted only where the person stated one at a hearing or in a letter. Letters read aloud at a meeting are staff summaries, not the writer's own words. Officials and people speaking for an organization are named; residents who spoke for themselves are counted, not named.

Across all hearings: 20 public speakers and 9 letters, with 6 statements of support and 20 of opposition. Councilmember positions: support 1.

Named commenters (24 in all, residents included)Stated positionSpeaking for (organization)
Jihad Alineutral
Mo RushdysupportBMK Properties, LLC
Dawud BeysupportDeveloper partner
David SzczepanikopposeGrays Ferry Tree Tenders
Christopher SamplesupportPhiladelphia City Council, Office of Councilmember Kenyatta Johnson
Charles ReevessupportTasker Morris Neighborhood Association
Jackson PlumleeopposePhilly Thrive, Housing for All
Carol Foyoppose
Rodney RayopposePhilly Thrive

From the record

Passages quoted from the Board's minutes, packets and transcripts. 6 of 6 shown.

1551*, 1553*, 1554* and 1555* S. Dover Street; 1540, 1542, 1544, 1546, 1548, 1550, 1552 and 1554 S. Myrtlewood Street; 1546 S. 30th Street – PLB Board of Directors DRAFT Meeting Minutes for April 12, 2022 Page 4 of 51 Philadelphia Land Bank Board Meeting Package for May 10, 2022 Page 7 of 84

Minutes · Apr 12, 2022, item 5.B(1) · packet p. 7 · PLB Board Package for 5.10.2022 Board Meeting.pdf

Agenda · Apr 12, 2022, item 5.B(1) · packet p. 2 · PLB Board Package for 4.12.2022 Board Meeting.pdf

… nothing new to report to the Board as part of the Executive Director’s Report. Item IV Administrative Matters 1.A. Amendment to Resolution No. 2022-8, adopted by the Board on April 12, 2022 Mr. Lawrence requested the Board’s approval of an increase in the maximum sales price for seventeen (17) affordable homeownership units being built by Affordable Alliance Company, LLC, as approved by the Board in April 2022. The properties were conveyed to the developer in May 2023. The developer has requested a price adjustment to revise the maximum sales price for those seventeen (17) units from $230…

Minutes · Jun 13, 2023, item IV.1.A · packet p. 5 · PLB Board Package for 7.11.2023 Board Meeting.pdf

Agenda · Jun 13, 2023, item IV.1.A · packet p. 1 · PLB Board Package for 6.13.2023 Board Meeting.pdf

Motion has been made and properly seconded to approve the amendment to Resolution No. 2022-8 All in favor? (Chorus of ayes.)

Motion · Michael Koonce · Jun 13, 2023, item IV.1.A · packet p. 15 · PLB Board Package for 7.11.2023 Board Meeting.pdf

The developer has now requested a price adjustment to revise the maximum sales price of all of those units from $230,000 to $250,000.

Statement · Jessie Lawrence, Director of Real Estate · Jun 13, 2023, item IV.1.A · packet p. 14 · PLB Board Package for 7.11.2023 Board Meeting.pdf

Properties (17)

AddressOPA account numberStatusDeed into the Land BankClosing dateEntered the Land Bank via
1540 S MYRTLEWOOD ST364000043ClosedMay 10, 2017May 1, 2023RDA
1542 S MYRTLEWOOD ST364000044ClosedMay 10, 2017May 1, 2023RDA
1543 S DOVER ST364380520ClosedMar 16, 2024Apr 2, 2024RDA
1544 S MYRTLEWOOD ST364000045ClosedMay 10, 2017May 1, 2023RDA
1545 S DOVER ST364380605ClosedMar 16, 2024Apr 2, 2024RDA
1546 S 30TH ST364419215ClosedMay 11, 2016Apr 2, 2024RDA
1546 S MYRTLEWOOD ST364000046ClosedMay 10, 2017May 1, 2023RDA
1547 S DOVER ST364380715ClosedNov 2, 2022May 1, 2023RDA
1548 S MYRTLEWOOD ST364000047ClosedMay 10, 2017May 1, 2023RDA
1549 S DOVER ST364380805ClosedNov 2, 2022May 1, 2023RDA
1550 S MYRTLEWOOD ST364000048ClosedMay 10, 2017May 1, 2023RDA
1551 S DOVER ST364380905ClosedNov 2, 2022May 1, 2023RDA
1552 S MYRTLEWOOD ST364000049ClosedMay 10, 2017May 1, 2023RDA
1553 S DOVER ST364381005ClosedNov 2, 2022May 1, 2023RDA
1554 S DOVER ST364391400ClosedOct 19, 2022May 1, 2023RDA
1554 S MYRTLEWOOD ST364000050ClosedMay 10, 2017May 1, 2023RDA
1555 S DOVER ST364381105ClosedNov 2, 2022May 1, 2023RDA

Sources: Board minutes and packets; PHDC workbook; Council (Legistar); Transcript. Built from the Land Bank Board's minutes, packets and transcripts, the Land Bank's settlement workbook, and City Council records.

Affordable Alliance Company LLC | Land Bank Watch