13 Saint Asaph's Road (in Bala Cynwyd), the
Spring Avenue Condos (in Ardmore),
and the initial sale under the Affordable Home Purchase Program of a Bryn Mawr property are among the projects completed by the Lower Merion Affordable Housing Corporation.

mixed income and senior housing

Completed LMAH Projects

13 Saint Asaph's Road (Bala Cynwyd, PA)

The 13 Saint Asaph's Road Project is an affordable apartment building providing lower than market rate rents. Using the Low Income Tax Credit program, in partnership with a local financial institution, the historic building was restored in 1996 to create six affordable apartments.

affordable housing in Bala CynwydThe single family 1920's Colonial Revival home with flanking office additions had been vacant and became deteriorated due to neglect. In the apartment conversion, the building's exterior appears virtually unchanged. Even though the structure was not considered eligible for listing on the National Register, the project architect, Campbell Thomas and Company, preserved much of the structure's interior and exterior elements. The end result was affordable housing for the elderly in an aesthetically pleasing historic building which remains in keeping with its surrounding area.

LMAH is the parent corporation of 13 St. Asaph's, Inc. with affiliate 13 St. Asaph's, LP.  The building is managed by Grosse and Quade Management Company. 

For information about the apartments and waiting list for units, please call Grosse and Quade Management Company at 215-855-8700.

Spring Avenue Condo Development (Ardmore, PA)

new affordable twins homesLower Merion Development Corporation, a subsidy of LMAH, has completed the construction of ten homes at Spring Avenue and Simpson Road. The new twin homes have three bedrooms and one and one-half bathrooms. The homes were sold to first-time homebuyers. The project was completed on time and under budget.

The Spring Avenue homes were built with assistance from the U.S. Department of Housing and Urban Development HOME and Community Development Block Grant Programs. The PA Department of Community and Economic Development and Lower Merion Township provided the federal funding for this project. The state also provided Brownfields for Housing funds for the development.

The General Contractor for the project was Domus Inc. of Philadelphia. The project architect was Campbell Thomas & Co. The project engineer was Carroll Engineering. Deluxe Home Builders of Berwick, PA provided the manufactured housing units. Genesis Housing Corporation provided project coordination.

In March 2004, President Bush toured the first phase homes to recognize the challenges of providing affordable housing. The President also visited with one of the new homebuyers to highlight the challenges that first-time homebuyers must overcome to achieve the American dream of homeownership.

first-time home ownership

The Spring Avenue development provided affordable for-sale housing in a community that rarely has affordable homes. Ten families were able to purchase homes at below market rates and realize their dream of homeownership in Lower Merion Township.

Affordable Home Purchase Program

LMAH, in cooperation with Lower Merion Township, has completed and sold several homes for the affordable first-time homebuyers program.

affordable Bryn Mawr homeThe Affordable Home Purchase Program's first home was located in Bryn Mawr, Lower Merion Township. The home is a three-bedroom home with one bathroom, a front porch and a rear deck. Special preference was be given to people who currently live or work in Lower Merion, former residents and active Lower Merion volunteer firefighters.

Lower Merion Township provided Community Development Block Grant Funds to acquire the property and complete minor renovations. The property was sold at an affordable price to the new home buyer with a soft second mortgage. The soft second mortgage has zero interest and no repayment while the buyers live in the home. The amount of this second mortgage is the write-down of the home to make it affordable to the moderate-income family. This write-down is the difference between the fair market value of the home and the affordable price.

first-time homeowners

The Affordable Home Purchase Program is an ongoing project. For more information and application information, please visit our current projects page.