Affordable housing development in Lancaster completed

Nine new units of affordable housing were completed recently in Southeast Lancaster by SACA Development. 

Located on Chesapeake St. near South Duke St., the Conestoga North townhomes for low to moderate income families were completed by SACA (Spanish American Civic Association) on June 30 as the second phase of a project that has created 18 residences. 

Jose Lopez, CEO of SACA and SACA Development, said the project represents more than buildings. 

“This is a demonstration of our community’s commitment to invest in its people to provide them with safe, comfortable, and affordable places where they can create a life,” Lopez said in a statement. “The mission of SACA is to uplift and restore marginalized communities through human, economic, and social services while supporting cultural identities. And this is exactly what we have accomplished through the Conestoga North project.” 

The first phase of the project began in August 2020 and was finished in June 2021. Each of the new 18 units are occupied. The total project cost $7.5 million and was funded by public and private partnerships. 

Grants from DCED, the Pennsylvania Housing Finance Agency (PHARE), federal Department of Housing and Urban Development Home funding through Lancaster City and State of PA, Lift loan from Tenfold (Formerly LHOP and Tabor), financing from Community First Fund, and conventional financing from LinkBank were included in the funding. 

With assistance from Community First Fund, SACA acquired the site on Chesapeake St. in 2017 for $320,000. 

Units were priced between $155,000 and $175,000. To purchase one of the townhomes, families agreed to a 15-year deed restriction. The agreement restricts owners from selling to families with income limits. The restriction expires after 15 years, allowing longtime owners to sell at market value and gain additional equity.