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Founded in November 1992, The Partnership CDC (community development corporation) grew out of the West Philadelphia Partnership, an affiliate social service provider. The Partnership CDC is dedicated to addressing the issues of affordable housing, job creation and economic development in inner city Philadelphia. More specifically, The Partnership CDC develops affordable housing in West Philadelphia for both rental and homeownership; acts as a facilitator to attract and retain businesses in West Philadelphia and University City; and works to create new jobs through commercial corridor revitalization and contracting. The Partnership CDC has defined its target area as 40th Street to 63rd Street, and Market Street to Baltimore Avenue.
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Promoting Economic Development: The Partnership CDC has begun the implementation of The West Philadelphia Economic Development Strategy, which outlines the major steps needed to create stronger neighborhoods in West Philadelphia by focusing on the revitalization of the major commercial corridors and building the local economy from within. The Strategy prioritizes the redevelopment of commercial corridors as economic cornerstones of West Philadelphia. Thus, The CDC is working on a $30 million dollar capital and retail development project on the 60th Street Commercial Corridor; as well as a $3 million dollar retail initiative at 40th and Market Streets. The CDC has also created the Mercy Special Service District (MSSD) to clean and maintain public spaces centered around the 52nd Street and 60th Street commercial corridors.
Creating New Businesses: In 1996, The Partnership CDC created the ServiceWorks Company a subsidiary corporation. ServiceWorks provides janitorial, painting and special services to businesses, institutions and special service districts throughout the Philadelphia region. ServiceWorks has created 100 new jobs and generates over $2.5 million dollars in annual sales revenue. Of the 100 new jobs created, 50% have been filled by welfare-to-work participants.
Providing Affordable Housing: The Partnership CDC has developed or co-developed 340 units of affordable housing for both rental and homeownership. The CDC is also the lead developer on the Sansom Street project, a $10 million dollar, 40-unit, mixed housing project four (4) blocks west of the University of Pennsylvania.
Promoting Homeownership in the Inner City: The Partnership CDC provides homeownership and financial literacy counseling to the public in order to enable them to own their own home. The Partnership CDC also operates one of the largest home buyer?s clubs in the City of Philadelphia. Clients receive financial literacy centered around personal finance, budgeting, credit, mortgage products and home maintenance. Over the past 10 years, The CDC has served over 5,000 families resulting in the issuance of $75,000,000 in mortgages.
Building Successful Community Partnerships: The Partnership CDC identifies neighborhood human capital as its greatest resource and proudly partners with PECO Energy, Mercy Hospital, The West Philadelphia Partnership, and the Walnut Hill, Cobbs Creek, and Haddington Community Associations to bring resources into the neighborhood. The Partnership CDC has partnered with PECO Energy Company as a major corporate partner through the State of Pennsylvania?s Neighborhood Partnership Program.
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