BVG S Philadelphia AH, LLC
STRUCK from agenda and marked REMOVED: disposition
5 housing units sold, across 6 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.
- ClosingPartly 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 agendaDoneMar 11, 2025 to Apr 8, 2025
- 2. Board approvalDoneApr 8, 2025
- 3. Council approval of the dispositionDoneMay 1, 2025 to Jun 5, 2025
- 4. Deed into the Land BankPartly doneDec 9, 2015 to Dec 8, 202583% of properties
- 5. ClosingPartly doneJan 15, 202683% of properties
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 |
|---|---|---|---|---|---|
| Mar 11, 2025 | V.A.1 | Removed from agenda | not stated | 0 | 0 |
| Apr 8, 2025 | V.A.1 | Approved | unanimous | 2 | 0 |
| Jun 10, 2025 | IV.B.1 | Approved | unanimous | 0 | 0 |
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 |
|---|---|---|---|---|---|
| Trove Capital Affordable Housing, LLC | Jan 15, 2026 | $5,000 | $540,000 | 5 | 250402;250589 |
Days from the first Board approval to each closing: 282.
People and organizations
- Council resolutions naming these properties, sponsored by
- Mark Squilla (resolutions 220992, 250401)
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: 2 public speakers and 0 letters, with 1 statements of support and 0 of opposition.
| Named commenters (2 in all, residents included) | Stated position | Speaking for (organization) |
|---|---|---|
| Jeremy Blatstein | neutral | |
| Justin Veasey | support | BVG Property Group (Trove Capital Affordable Housing) |
From the record
Passages quoted from the Board's minutes, packets and transcripts. 6 of 13 shown.
… Parks and Recreation and is part of the Mayor’s Clean and Green initiative. The properties, currently owned by the Redevelopment Authority, will be transferred through the Land Bank to DPP. Mr. Goodman requested that DPP provide a map to show how the trails will be built. Mr. Wetzel asked whether the properties are on the east or west side of the Schuylkill River. Ms. Imredy Saah responded that they were on the east side. No written comments were received prior to the Board meeting. No one from the public signed up to speak on this agenda item. Seeing no further questions from the Board or…
Minutes · Mar 11, 2025, item V.A.1 · packet p. 8 · PLB Board Package for 4.8.2025 Meeting (FINAL).pdf
Agenda · Mar 11, 2025, item V.A.1 · packet p. 1 · PLB Board Package for 3.11.2025 Board Meeting (v1r).pdf
Emily Street, 2315 South Marshall Street, 518 Pierce Street, 2549 South 3rd Street, and 2117 South 6th Street—to BVG S Philadelphia AH, LLC to develop three (3) affordable homeownership units and two (2) market-rate homes in the First (1st) Council District. The homes fit within the context of the neighborhood. Mr. Romano explained that the affordable units will consist of three (3) two-story single-family homes with a finished basement, containing three (3) bedrooms and two (2) bathrooms at 1,458 square feet each, and will be sold to households with an income at or below 100% of AMI for a ma…
Minutes · Apr 8, 2025, item V.A.1 · packet p. 31 · PLB Board Package 5.13.2025 - Parts 1 & 2.pdf
Agenda · Apr 8, 2025, item V.A.1 · packet p. 2 · PLB Board Package for 4.8.2025 Meeting (FINAL).pdf
Opposed, nay. Ayes have it.
Motion · Kelvin Jeremiah · Apr 8, 2025, item V.A.1 · packet p. 45 · PLB Board Package 5.13.2025 - Parts 1 & 2.pdf
I just want to thank the Board for giving me the opportunity to present the project.
Statement · Justin Veasey, developer (Turn the Key) · Apr 8, 2025, item V.A.1 · packet p. 45 · PLB Board Package 5.13.2025 - Parts 1 & 2.pdf
Properties (6)
5 closed, 1 not closed yet.
Not closed yet (1)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 612 WOLF ST | 393102910 | Board approved, not yet closed | not on record | not closed | none found |
Closed (5)
| Address | OPA account number | Status | Deed into the Land Bank | Closing date | Entered the Land Bank via |
|---|---|---|---|---|---|
| 100 EMILY ST | 885672900 | Closed | Nov 22, 2016 | Jan 15, 2026 | PHDC/PHA/other public |
| 2117 S 6TH ST | 392331405 | Closed | Oct 23, 2025 | Jan 15, 2026 | RDA |
| 2315 S MARSHALL ST | 393126200 | Closed | Dec 8, 2025 | Jan 15, 2026 | RDA |
| 2549 S 3RD ST | 391352210 | Closed | Dec 9, 2015 | Jan 15, 2026 | PHDC/PHA/other public |
| 518 PIERCE ST | 011383200 | Closed | Dec 8, 2025 | Jan 15, 2026 | RDA |
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.