UC Townhomes settlement: IBID Associates, Philly reach agree

UC Townhomes settlement: IBID Associates, Philly reach agreement on future of affordable housing complex

A lawsuit settlement will allow IBID Associates to demolish and sell the University City Townhomes in West Philadelphia, but a portion of the land will be given to the city to build 70 affordable housing units. IBID Associates also must pay $3.5 million to the tenants being displaced by its decision to end its affordable housing contract with HUD.

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