2 publishers · first seen Thu, 29 Oct 2026 19:07 UTC · updated Thu, 29 Oct 2026 19:12 UTC
The future of the former Germantown YWCA in Philadelphia remains uncertain as Ohio-based KBK Enterprises awaits approval for low-income housing tax credits needed to fund its redevelopment into 51 affordable senior housing units. KBK president Keith Key said the project, which includes plans for commercial space and outdoor areas, cannot proceed without the 4% tax credits, with a decision expected by the end of the year. City Council must also pass a resolution for KBK to take ownership, a step dependent on Councilmember Cindy Bass, who has consistently supported the company despite prior failed deadlines and lapsed agreements. The Philadelphia Redevelopment Authority has stated it will not seek new developers unless Bass agrees, citing councilmanic prerogative. The building, owned by the city since 2013, has been vacant for over a decade and was the subject of a failed 2024 court petition by developer Ken Weinstein under Act 135.
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