Please ensure Javascript is enabled for purposes of website accessibility Guzman secures $1.7 million for affordable senior housing in Reading

Guzman secures $1.7 million for affordable senior housing in Reading

Pennsylvania House Democratic Caucus    October 10, 2025 | 3:35 PM

READING, Oct. 10 – State Rep. Manuel Guzman, D-Berks, today announced that a local project in his legislative district has been awarded $1.7 million to support affordable housing for older residents.

The proposed development, Cornerstone Apartments, located at 6th and Chestnut streets in Reading, received Low-Income Housing Tax Credits from the Pennsylvania Housing Finance Agency. The project will provide 46 units for residents aged 62 and older.

Guzman emphasized the importance of affordable housing in the district and highlighted the impact of the Cornerstone Apartments project. These tax credits will be allocated annually over ten years, potentially generating $17 million in equity to support the development of additional affordable housing in Berks County.

“I have been championing increased funding and resources to ensure that seniors and families in my district have access to safe, affordable homes. This investment in Cornerstone Apartments is a concrete step forward in meeting that goal and strengthening our community,” Guzman said.

“These units will provide safe, affordable homes for our older residents in Reading, helping them stay connected to the community they love,” he added.

Dana Hanchin, president and CEO of HDC MidAtlantic, welcomed the support, calling it a milestone for affordable housing in the district.

"We are proud to partner with leaders across government, the private sector, and nonprofit organizations to bring this new senior affordable housing community to Reading,” Hanchin said.

“This development demonstrates what can be achieved when we work together to create strong, vibrant communities. We are grateful to Representative Guzman and all our partners for their support in making this vision a reality," she added.