PHA’s first private acquisition draws mixed reviews from tenants

Dated: March 24 2026

Views: 32

The Philadelphia Housing Authority’s (PHA) first purchase of a private, market-rate apartment building has produced uneven results, as residents of The Dane in Wynnefield report a rocky transition. Since 2025, PHA has spent $280.6 million to acquire 17 multifamily properties totaling 1,515 units as part of CEO Kelvin Jeremiah’s strategy to expand affordable housing by buying struggling buildings and introducing Section 8 voucher-holders alongside market-rate tenants. At the 233-unit Dane, about 86 tenants have moved out over the past year, roughly half the original occupants, amid complaints about trash pickup, maintenance delays, security concerns and communication issues following the troubled exit of former owner Cross Properties. While many residents say PHA is an improvement over prior management and note upgrades since Maryland-based operator HH Redstone took over in August, others — particularly unsubsidized renters — say they plan to leave, highlighting the challenges PHA faces as it pushes a high-profile, mixed-income expansion model.
Source: Philadelphia Inquirer; 2/20/2026

Blog author image

Pete McGuinn

Pete McGuinn - Your Trusted RE/MAX Main Line Real Estate Expert With over 22 years of experience as a full-time REALTOR® at RE/MAX Main Line, Pete McGuinn is a distinguished real estate professional....

Latest Blog Posts

5 Repairs Worth Doing Before You List (and 5 That Aren't)

Posted by Pete McGuinn
September 19 2026
0 comments

One of the most common questions I get from sellers: "What do I actually need to fix before we list?" Here's my honest, construction-background answer.Worth doing:Fresh, neutral paint — one of

Read More

Life Plan CCRC vs. Active Adult Community: Understanding the Difference

Posted by Pete McGuinn
September 5 2026
0 comments

One of the most confusing parts of exploring 55+ options is that "55+ community" actually covers two very different models — and mixing them up can lead to real financial and lifestyle

Read More

A First-Time Buyer's Guide to Delaware County School Districts

Posted by Pete McGuinn
September 2 2026
0 comments

One of the most common questions I get from first-time buyers with young kids (or plans for them) is simple: "Which school district should we be looking in?"I don't have a one-size-fits-all answer

Read More

City controller finds hundreds of property owners exploiting tax relief program

Posted by Pete McGuinn
August 31 2026
0 comments

Philadelphia’s city controller says the city and school district are losing millions of dollars in revenue from people who improperly claim a homestead exemption on their taxes. The homestead

Read More

Property Search

Contact Information

Address: 1615 West Chester Pike
West Chester, PA 19382
Phone: 610-692-2228
Phone: 610-804-6977

Search Blog

Our Bloggers

Pete McGuinn Posts

Pete McGuinn

984 Posts