“Francisville is a good model for a mixture of housing types and a mixture of income levels coexisting in the same neighborhood,” said Richard Redding, director of community planning at the Philadelphia City Planning Commission.
This has been a prevalent trend in the real estate community in this small, historic neighborhood.
There have been recent developments that are used for affordable housing for low-income residents. For example, there was recently an affordable housing development, Francisville East, built on the 1500 block of Poplar Street, for seniors.
However, there are also residences available for purchase ranging from at least $100,000 to nearly $500,000.
There is even a plan for green housing on 16th Street and Ridge Avenue to further launch the real estate market in the area.
But the Director of the Francisville Neighborhood Development Corp., Penelope Giles, does want the neighborhood to have a consistent look.
“We want low-income housing that will blend in the area. We don’t want to deter the market rate development,” Giles said.
There are also construction projects underway to help promote the neighborhood as easily “walkable” and accessible, which will further improve the real estate in the area.
Giles said she hopes to maintain the economic diversity of the neighborhood with the different types of housing available in Francisville.