Pentecostal Square, Chester, PA

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Pentecostal Square is located directly across the street from the Pentecostal Holy Church, minutes from the center of Chester, PA. Pentecostal Square is a four story 70 unit, 73,000 square foot structure consisting of 53 one (726 sf) and 17 two-bedroom (1,015 sf) units catering to a very-low income elderly population. The building also contains a leasing/management office, maintenance office, social service suite, a two story, fully furnished, community room with a warming kitchen and a community medical office, specializing in geriatric care staffed by Crozier Chester Health Systems. Construction began on Pentecostal Square in June 2009 and was completed in June 2010. Financing for the project was provided through a combination of equity from Low Income Housing Tax credits from the Pennsylvania Housing Finance Agency (100% of the credits were returned by PHFA for increased pricing), PennHOMES from PHFA, Home Funds from the City of Chester, a mortgage from Community Lenders and a 10-year Section 8 Project Based Assistance Contract for 8 residences from the Chester Housing Authority.

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