BVG Property Group, LLC
Amendment to Resolution 2021-50 (BVG Property Grou
14 housing units sold, across 12 properties · Council District 1 · BVG Property Group (Trove Capital Affordable Housing)
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 BankPartly done
On record for 83% of the properties; the rest are not on record yet.
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 agendaDoneOct 12, 2021
- 2. Board approvalDoneJul 12, 2022 to Apr 11, 2023
- 3. Council approval of the dispositionDoneDec 9, 2021 to Sep 15, 2022
- 4. Deed into the Land BankPartly doneMay 21, 2018 to Jan 26, 202483% of properties
- 5. ClosingDoneDec 16, 2022 to Apr 12, 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.
| Date | Agenda item | Outcome | Vote as recorded | Public speakers | Letters |
|---|---|---|---|---|---|
| Jul 12, 2022 | V.A | Approved | unanimous | 0 | 0 |
| Apr 11, 2023 | IV.C(1) | Approved | 6-2-1 (six for, two against, one abstention, per Chair's count in transcript); majority of entire Board (six) required | 7 | 0 |
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.
| Member | 2023-04-11IV.C(1) |
|---|---|
| Andrew Goodman | R |
| Michael Johns | N |
| Richard DeMarco | A |
| Rick Sauer | N |
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).
Closings
From the Land Bank's settlement records.
| Purchaser | Closing date | Price | Appraised value | Units | Council resolution |
|---|---|---|---|---|---|
| BVG Property Group, LLC | Dec 16, 2022 | $16,500 | $775,000 | 13 | 210976;220651 |
| BVG Property Group, LLC | Apr 12, 2024 | $1,500 | $85,000 | 1 | 210976;220651 |
Days from the first Board approval to each closing: 157, 640.
People and organizations
- Council resolutions naming these properties, sponsored by
- Mark Squilla (resolutions 200532, 210759, 210977)
- Board members with a recorded vote
- Andrew Goodman (recused), Michael Johns (no), Richard DeMarco (abstained), Rick Sauer (no)
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: 7 public speakers and 0 letters, with 3 statements of support and 2 of opposition.
| Named commenters (6 in all, residents included) | Stated position | Speaking for (organization) |
|---|---|---|
| Jihad Ali | neutral | |
| Justin Veasey | support | BVG Property Group (Trove Capital Affordable Housing) |
| Rachael Pritzker | support | attorney for BVG Property Group, LLC |
| Tiffany Green | oppose | |
| Dawud Bey | support | MBE contractor on BVG projects |
From the record
Passages quoted from the Board's minutes, packets and transcripts. 6 of 21 shown.
… person and the public to attend virtually. Item 4 Property Dispositions 4.A. Development – Affordable Housing 4.A(1) 1739 S. 5th Street; 1919 S. 6th Street; 2612 S. 9th Street; 411, 418, 424, 432-34, 624, 626 Cantrell Street; 424, 426 Mercy Street (CD1) – BVG Property Group, LLC Mr. Lawrence presented the proposed disposition of 1739 S. 5th Street; 1919 S. 6th Street; 2612 S. 9th Street; 411, 418, 424, 432-34, 624, 626 Cantrell Street; and 424, 426 Mercy Street in the 1st Council District to BVG Property Group, LLC for the development of fourteen (14) mixed-income homeownership and rental u…
Minutes · Oct 12, 2021, item 4.A(1) · packet p. 6 · PLB Board Package for 11.9.2021 Board Meeting.pdf
… three (3) minutes. We will do our best to eliminate repetitive comments. 4.A. Development – Affordable Housing 4.A(1) 1739 S. 5th Street; 1919 S. 6th Street; 2612 S. 9th Street; 411, 418, 424, 432-34, 624, 626 Cantrell Street; 424, 426 Mercy Street (CD1) – BVG Property Group, LLC PLB Board of Directors DRAFT Meeting Minutes of November 9, 2021 Page 2 of 50 Philadelphia Land Bank Board Meeting Package for December 14, 2021 Page 5 of 139
Minutes · Nov 9, 2021, item 4.A(1) · packet p. 5 · PLB Board Package for 12.14.2021 Annual Board Meeting.pdf
… Resolution Authorizing Purchase of Insurance for Fiscal Year 2023 (attached to these minutes as Exhibit A). Item V Amendments to Approved Dispositions Item V.A. Mr. Lawrence presented a request to amend Resolution No. 2021-50 adopted by the Board on November 9, 2021, which approved BVG Property Group LLC as the developer for a mixed-income project developing 14 homeownership and rental units in South Philadelphia. The developer is requesting approval of the conversion of the project to a mixed-income homeownership-only project, without any rental units. The developer also seeks to decreas…
Minutes · Jul 12, 2022, item V.A · packet p. 7 · PLB Board Package for 8.9.2022 Board Meeting.pdf
Agenda · Jul 12, 2022, item V.A · packet p. 1 · PLB Board Package for 7.12.2022 Board Meeting.pdf
4 North Lawrence Street to Philadelphia Housing Development Corporation (attached to these minutes as Exhibit E). IV.C. Amendments to Approved Dispositions Ms. Fadullon informed the Board that the amendments to approved dispositions would be presented together. These are amendments to previously approved resolutions. Board member Andrew Goodman stated that he was recusing himself from this Board item and left the meeting at this time. Mr. Lawrence presented the changes requested by the developer for each of the dispositions that had already been approved by the Board in the past. (1) Amendment…
Minutes · Apr 11, 2023, item IV.C(1) · packet p. 9 · PLB Board Package for 5.9.2023 Board Meeting.pdf
Agenda · Apr 11, 2023, item IV.C(1) · packet p. 2 · PLB Board Package for 4.11.2023 Board Meeting.pdf
Properties (12)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 1739 S 5TH ST | 011451100 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 1919 S 6TH ST | 392327400 | Closed | May 21, 2018 | Dec 16, 2022 | private or other |
| 2612 S 9TH ST | 393439000 | Closed | Jan 26, 2024 | Apr 12, 2024 | RDA |
| 411 CANTRELL ST | 392078300 | Closed | Jun 3, 2019 | Dec 16, 2022 | private or other |
| 418 CANTRELL ST | 392087105 | Closed | Sep 13, 2022 | Dec 16, 2022 | RDA |
| 424 CANTRELL ST | 392087400 | Closed | Sep 13, 2022 | Dec 16, 2022 | RDA |
| 424 MERCY ST | 392059700 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 426 MERCY ST | 392059805 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 432 CANTRELL ST | 392000001 | Closed | not on record | Dec 16, 2022 | none found |
| 434 CANTRELL ST | 392000002 | Closed | not on record | Dec 16, 2022 | none found |
| 624 CANTRELL ST | 393062410 | Closed | Oct 19, 2022 | Dec 16, 2022 | RDA |
| 626 CANTRELL ST | 393062510 | Closed | Sep 23, 2022 | Dec 16, 2022 | PHDC/PHA/other public |
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.