Hyde Square Task Force to Sell Blessed Sacrament to Developer for Income-Restricted Units, Community Space
The Hyde Square Task Force has chosen developer Pennrose to sell the Blessed Sacrament Church, which will turn it into affordable housing, community space, and more. A letter signed by HSTF Executive Director Celina Miranda and Board leadership was sent to local stakeholders, elected officials, and community leaders that outlined some of the benefits Pennrose is committed to providing. “We recognize that this is the beginning of a partnership with Pennrose,” said Miranda. “The HSTF Board believes that Pennrose has the highest likelihood of a great outcome for the community and for our organization.”
Pennrose proposed income-restricted housing with at a minimum:
● <30% AMI: 8 units (15%)
● <50% AMI: 8 units (15%)
● <60% AMI: 16 units (30%)
● <120% AMI: 20 units (40%)
Pennrose has also committed to providing community space for 200+ people in which the HSTF would remain the operator of this space for the long term. Pennrose has also committed to outdoor community space in front, converting the baptistery to an open-air performance gazebo, and to respecting the existing outdoor green space to the west of the church, said the letter.