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South Atherton Street Affordable Housing Project Off the Table, Developer Says

Local news from StateCollege.com and Centre County Partners. Read about South Atherton Street Affordable Housing Project Off the Table, Developer Says and more from the State College, PA region ....

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Developer Outlines Plans for Proposed Affordable Housing Project, Impact on Nittany Village Park

A State College developer on Monday night detailed plans for a proposed affordable housing project on South Atherton Street that has drawn concerns from neighboring residents over its encroachment on an adjacent public park.
Progress Development Group, an affordable housing-focused subsidiary of HFL Corporation, is looking to acquire 1306 S. Atherton St., the former location of RBR Recumbent Bicycles, and construct the 36,000-square foot, four-story Parkland Apartments building with 26-units priced for renters based on state and federal income guidelines, HFL Executive Vice President Ara Kervandjian said during Monday’s borough council meeting.
To do so, PDG has proposed a long-term lease with the borough to use “a crucial and necessary portion of Nittany Village Park,” which sits directly behind the Atherton Street property. ....

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