Town Center Residential Project
The Town Center Residential Project, led by the Upper Merion Area Housing Association (UMAHA) in partnership with Valley Forge Presbyterian Church (VFPC), will transform an underutilized 10,000 SF building on VFPC’s 93,374 SF campus into twenty units of high-quality affordable housing. The adaptive reuse will create 17 one-bedroom apartments and 3 efficiencies, each equipped with full kitchens featuring Energy Star appliances, energy-efficient systems, onsite laundry, and parking. This project addresses the critical shortage of affordable housing in King of Prussia, a high-opportunity area with rising rents and limited stock for households earning below 60% of AMI.
Half of the units will serve extremely low-income individuals, including people with developmental disabilities and young adults aging out of foster care. Through partnerships with Montgomery County’s Mental Health/Developmental Disabilities/Early Intervention Program and Delta Family Services, the project will provide rent subsidies, individualized case management, and supportive services. Additional units will serve households earning up to 50% and 60% AMI, offering stability and quality housing to those who are increasingly priced out of the community. Located near jobs, transportation, and amenities, this development aligns with the county’s Montco 2040 comprehensive plan and directly responds to documented housing gaps.
UMAHA and VFPC bring decades of experience serving vulnerable populations and are leveraging their community ties to ensure long-term success. The project will not only provide much-needed affordable housing but also advance the church’s mission of compassion, inclusion, and advocacy within Upper Merion Township. By converting an existing building in good condition, this effort will deliver high-impact housing with cost efficiency and minimal disruption to the surrounding neighborhood.
SSCG’ Role
Stone Sherick Consulting Group (SSCG) will complete a financial feasibility report that prepares detailed operating and development budgets and identifies all potential public and private financing sources. Following this feasibility analysis, SSCG will coordinate the submission of finance applications to secure the capital stack. Preliminary funding opportunities under consideration include $5,000 for feasibility studies, $10,000 from PHFA PHARE, $20,000 from the FHLB New York Affordable Housing Program, $20,000 from FHLB Pittsburgh, and $10,000 from private foundations.
