HDC MidAtlantic and Landis Quality Living Awarded LIHTC Funding to Expand Affordable Senior Housing in Reading, PA.

October 9, 2025

HDC MidAtlantic and Landis Quality Living are pleased to announce the award of $17 million dollars in Low-Income Housing Tax Credit (LIHTC) funding to support the development of new affordable housing for older adults with lower incomes. Named Cornerstone at 6^th & Chestnut, the joint effort will revitalize a blighted industrial building in downtown Reading into 46 affordable apartments for adults aged 62 and older. It will offer apartments and amenities including a community room with kitchen, onsite management, and maintenance services—all supporting aging in place with dignity and community.

This initiative builds on the success of the organizations’ decade-long partnership at Mountain View Terrace, a thriving community near New Holland, PA.

“These dollars will support more than bricks and sticks – they will support livelihoods and brighter futures for our neighbors,” said Dana Hanchin, President and CEO of HDC MidAtlantic. She continued, “In 2024, HDC received a $1 million Local Share Account (LSA) award from the Pennsylvania Department of Community and Economic Development, with support from State Senator Schwank and State Representative Guzman. Combined with $1.5 million in City HOME funding and a $500,000 Santander grant, this project is made possible through strong collaboration.”

“HDC is especially grateful to Funk Construction for serving as an instrumental partner in the development. This project highlights the power of great partners coming together to get things done, ” said Hanchin.

“This funding represents a significant milestone in our shared mission to provide high-quality, affordable housing for seniors,” said Evon Bergey, Executive Director of Landis Quality Living. “We’re excited to continue our partnership with HDC MidAtlantic to expand housing options that support aging with dignity. We are excited to continue creating communities where older adults of all income levels can thrive—physically, emotionally, and spiritually.”

Ed Kaminski, Director of Real Estate Development for Landis Communities, highlighted the importance of the funding to the creation of these apartments. “The LIHTC funding, awarded through the Pennsylvania Housing Finance Agency (PHFA), makes it possible to create a new residential community designed to meet the evolving needs of older adults in Reading.”

Project Highlights

• $20 million dollar project
• Senior (62+)
• 46 apartments: 39 1-BR, 7 2-BR
• Adaptive re-use of blighted industrial building
• Apartments will be affordable to households earnings up to 60% of area median income
• 5 units will be ADA-accessible
• All units will be ADA-adaptable
• 52 on-site parking spaces

Project Timeline

• Financial closing & construction start October 2026
• Resident move in begins January 2028

---

Landis Quality Living’s mission is to provide housing with services for adults to age in place and thrive in the community. A part of Landis Communities, with a shared history going back more than 60 years, LQL works to creatively serve the diverse needs and interests of older adults. Utilizing the Low-Income Housing Tax Credit Program, LQL creates affordable housing options for adults and those living with disabilities. LandisCommunities.org

HDC MidAtlantic envisions a world where a safe, welcoming, affordable place to call home is open to everyone. We believe home shouldn’t be an impossible dream—it should be an attainable reality. We are resident advocates, trusted developers, property managers, community partners, and collaborators. As part of the fabric of our towns and cities, we have been working alongside our neighbors since 1971 to create real change and meaningful connections. As champions of the greater good, we are committed to advancing equity, opening doors to opportunity, and building homes we can all be proud of.  HDC owns and/or manages more than 3,300 apartments, providing safe and affordable housing to individuals with lower incomes, with a focus on seniors, families, and individuals living with disabilities. Serving 4,500 residents across 67 communities in Pennsylvania, Delaware, and Maryland, HDC builds hope and opportunity by creating, preserving, and strengthening affordable housing communities. hdcweb.org