Germantown Settlement liquidation
Emanuel Freeman ran Germantown Settlement, a politically connected nonprofit, for more than two decades. Federal loans for low-income housing in Germantown went unpaid, and a bankruptcy judge ordered the nonprofit liquidated. The 28 properties tied to companies he controlled fell into vacancy and blight.
The Philadelphia Redevelopment Authority seized the properties after a legal battle.
PHA acquired the portfolio and began planning redevelopment, starting with Habitat's Collom Street project.
The East Collom Street townhomes are part of that failed portfolio, which is why the Habitat project is the first test of reuse.
