Hien Long Cung and Tam Kinh Ho
Property acquisition by the Land Bank of 2641 Reed
1 housing units sold, across 1 properties
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.
- Council approval of the dispositionMissing from our records
No Council resolution naming these properties was found
Who could answer: Q-council lot-chain gaps
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 agendaDoneJul 12, 2022
- 2. Board approvalDoneJul 12, 2022
- 3. Council approval of the dispositionMissing from our recordsno date on record
- 4. Deed into the Land BankDoneDec 9, 2015
- 5. ClosingDoneOct 13, 2023
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 | VI.A | Approved | unanimous | 0 | 0 |
| Oct 10, 2023 | IV.C | Approved | unanimous | 4 | 0 |
Closings
From the Land Bank's settlement records.
| Purchaser | Closing date | Price | Appraised value | Units | Council resolution |
|---|---|---|---|---|---|
| Tam Kinh Ho and Hien Long Cung | Oct 13, 2023 | $265,000 | $265,000 | 1 | not on record |
Days from the first Board approval to each closing: 458.
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: 4 public speakers and 0 letters, with 0 statements of support and 0 of opposition.
| Named commenters (4 in all, residents included) | Stated position | Speaking for (organization) |
|---|---|---|
| Judith Robinson | neutral | Strawberry Mansion Civic Association |
From the record
Passages quoted from the Board's minutes, packets and transcripts. 6 of 13 shown.
… as Exhibit C). Item VI Property Acquisition Item VI.A. Mr. Rodriguez asked the Board to approve the acquisition of 2641 Reed Street, a property that was developed as part of the Earp Street RFP nearly two years ago. The property owner was income- certified at or below 120% AMI, as required by the RFP, and the purchase price was $250,000. The owner is moving due to a change in his employment and requested the Land Bank’s approval to sell the property, as required by the Declaration of Restrictive Covenants placed on the property. The Land Bank consented to the sale and provided the paramet…
Minutes · Jul 12, 2022, item VI.A · packet p. 9 · PLB Board Package for 8.9.2022 Board Meeting.pdf
Agenda · Jul 12, 2022, item VI.A · packet p. 2 · PLB Board Package for 7.12.2022 Board Meeting.pdf
… Home Subject to a Declaration of Restrictive Covenants Mr. Lawrence asked the Board to authorize the resale of 2641 Reed Street to Hien Long Cung and Tam Kinh Ho subject to and in accordance with the Declaration of Restrictive Covenants, which was recorded against the property in June of 2021. A year after purchase, the buyer requested the Land Bank’s consent to sell the property but was unable to find a buyer at the restricted sale price in a timely manner. The Land Bank exercised its purchase option and acquired the property in September of 2022. The new purchasers have been income-…
Minutes · Oct 10, 2023, item IV.C · packet p. 7 · PLB Board package for 11.14.2023 Board Meeting.pdf
Agenda · Oct 10, 2023, item IV.C · packet p. 1 · PLB Board Package for 10.10.2023 Board Meeting.pdf
Hearing none, motion carries. And the resolution is adopted.
Motion · Angel Rodriguez (label as printed; see flags) · Oct 10, 2023, item IV.C · packet p. 35 · PLB Board package for 11.14.2023 Board Meeting.pdf
You all are part of increasing value of real estate in Philadelphia based on the land manipulation, I'm going to say.
Statement · Judith Robinson, Strawberry Mansion Civic Association (RCO emeritus) · Oct 10, 2023, item IV.C · packet p. 34 · PLB Board package for 11.14.2023 Board Meeting.pdf
Properties (1)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 2641 REED ST | 362113005 | Closed | Dec 9, 2015 | Jun 19, 2020 | PHDC/PHA/other public |
Sources: Board minutes and packets; PHDC workbook; Transcript. Built from the Land Bank Board's minutes, packets and transcripts, the Land Bank's settlement workbook, and City Council records.