PHA to Dispose of Excess Properties

(Philadelphia, PA - October 29, 2018) - The Philadelphia Housing Authority (PHA) will auction 70 scattered site properties on November 14th at Barry S. Slosberg, Inc., 2501 E Ontario Street in Philadelphia. The auction is part of PHA's long-term strategy to restructure the agency's scattered site inventory.  The auction will be held at 11 AM that morning with registration starting at 8 AM.

"Disposal of these vacant properties will create a financially sound and sustainable occupied scattered site portfolio, and enable PHA to raise capital to rehabilitate units and reduce vacancies in its remaining inventory, and leverage its resources for future affordable housing development," said PHA President and CEO Kelvin Jeremiah.

This auction is the third such event in the past year, resulting in over 200 properties returning to the tax rolls. Many of the properties sold in prior auctions have been renovated and reoccupied. In addition to auctions, PHA continues to make scattered site properties available to non-profit and other affordable housing development organizations to preserve and increase the supply of affordable housing in the City of Philadelphia.   

A list of the properties can be found at the Barry S. Slosberg, Inc. web site (https://www.bssauction.com/).