PHA to auction individual vacant properties on December 7
View PHA Individual Auction in a larger map
A second batch of Philadelphia Housing Authority (PHA) properties will be auctioned Wednesday, December 7 at First District Plaza, 3801 Market Street.
The last auction drew hundreds of people to bid on groups of properties, upsetting neighbors who were interested in opportunities to purchase individual buildings. PHA made $7 million at the auction.
This time 100 properties will be offered individually, so it is possible non-developers could stand a better chance. As with the first auction, these properties are largely concetrated in western North Philadelphia neighborhoods, but there are also scattered sites throughout the city.
Real estate auction company Max Spann is hosting this auction, and offer this table of properties offered [pdf].
Stay tuned to Philadelphia Neighborhoods and PlanPhilly for continuing coverage of this issue.
Want more:
Center City: Housing Authority Makes Money on Auction; Critics Complain Neighborhood Buyers Left Out [Christine Fisher, Philadelphia Neighborhoods/PlanPhilly, November 17, 2011]
North Philadelphia: Philadelphia Housing Authority Upsets Residents [Christine Fisher, Philadelphia Neighborhoods/PlanPhilly, November 10, 2011]
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