Since 1994, Genesis Housing Corporation, a 501(c)(3) non-profit organization, has served Montgomery County as a community housing development organization (CHDO) and is dedicated to the development of affordable housing and to the education of consumers on housing and financial issues. Our general activities include the rehabilitation and new construction of homes to improve and stabilize neighborhoods and to provide opportunities for lower income homebuyers to purchase homes at affordable prices. Genesis Housing Corporation also provides housing counseling and money management services for potential homebuyers and homeowners.
The programs implemented by Genesis Housing Corporation include:
1) The Housing Counseling Program provides free classes and individual counseling helping over 9,000 potential first-time homebuyers. Monthly classes focus on topics not taught in regular school including understanding credit, credit repair, money management, saving plans, grant programs and understanding the home buying process including selecting a realtor and finding the best mortgage.
Genesis Housing Corporation has been certified as a FannieMae Counseling Agency and is approved by PA Housing Finance Agency (PHFA) for the counseling component of the state bond program. Providing FannieMae and PHFA approved counseling allows a qualified applicant to participate in special bank programs and the state bond program for lower interest rates and/or fees for their mortgages. Genesis Housing Corporation is also an approved agency for Montgomery County’s and Norristown’s First-Time Home Buyers Programs.
2) Our programs in Pottstown, PA have focused on the the Washington Street neighborhood in Pottstown, PA. A comprehensive neighborhood plan was developed and is being implemented to improve the housing stock, reduce crime and revitalize this deteriorated section of Pottstown.
The Washington Street Neighborhood Project acquires and renovates vacant Washington Street properties to resell at affordable prices to improve the housing stock and revitalize the neighborhood. Over 20 vacant properties have had extensive rehab or are currently under rehab for resale to lower income homebuyers. Genesis Housing Corporation is working with the Borough of Pottstown to condemn long-term vacant properties to continue the acquisition and rehabilitation of vacant deteriorated properties.
Walnut Street Homes Development – Little’s Bar was a long-term severely deteriorated vacant bar and rooming house that was a blighting influence on the neighborhood and a corner hangout for drug dealers. The building was demolished to create the building lot for the construction of four new semi-attached homes. Construction is completed and the four new affordable homes have been sold to new homebuyers.
Warren Street Homes Development – Four new homes will be constructed on a vacant lot one block east of the Little’s Bar site in cooperation with ACLAMO, the local Hispanic social service agency. Construction is completed and the four new affordable homes have been sold to new homebuyers.
Jefferson School Apartment Project is a low income tax credit project that converted an old school in the Washington Street neighborhood to forty-six affordable apartments for senior citizens. In partnership with Pennrose Properties, Genesis Housing Corporation has received historic and low income tax credits for this project that completed construction in August 2003.
The May Street Crossing Development built twenty-eight new homes for sale to first-time homebuyers in the neighborhood near the Jefferson School Apartments. In partnership with Pennrose Properties, Genesis Housing Corporation has received PA Housing Finance Agency (PHFA) Home Ownership Choice funds and Montgomery County Housing Trust funds. Construction of the new homes is completed and all of the homes have been sold. Landscaping and public improvements (like the final paving of streets) were completed in 2008.
3) The Norristown Neighborhood Project acquires and renovates homes to resell at affordable prices to help lower income families to purchase their first homes in the Norristown, PA. Phases 1 and 2 of the Norristown Neighborhood Project have been completed and 19 vacant homes were rehabbed and sold to first-time homebuyers. Phase 3 is now underway and, when complete, will result in eight renovated houses. The federally funded programs help return vacant properties to the tax rolls and keep owner-occupied homes from becoming rental units.
4) The Montgomery County Homeowner Rehab Program provides grants and technical assistance to qualified lower income owners to improve their homes and eliminate housing code violations. Genesis Housing Corporation coordinates the program for the Montgomery County Department of Housing and Community Development.
5) The Spring Avenue Condo Development is a 10-unit development of semi-attached homes in Ardmore, PA. The first phase of six affordable homes was completed and sold to lower income first-time homebuyers in 2003 and the second phase was completed in 2004. Former President George Bush honored this project with a visit in March, 2004. Genesis Housing Corporation continues to work as the staff for the Lower Merion Affordable Housing Corporation
6) The Cooperative Project was a multi-agency effort to provide a two-year program of supportive transitional housing for women and children who have experienced domestic violence. Genesis Housing Corporation renovated three apartments and three single-family homes for the program.
Genesis Housing Corporation has been actively involved in providing affordable homes in Montgomery County, PA targeting the older distressed towns, especially Norristown and Pottstown, to stabilize housing values, promote home ownership and provide safe and decent housing for lower income families.