Lyons
REAL ESTATE
38-unit affordable housing development in downtown Allentown, recipient of $14.3 million in tax credits, expected to begin construction next year
An affordable housing development bringing dozens of units to downtown Allentown will move forward after receiving $14.3 million from the state. Cortex Residential, a private company that specializes in affordable apartments financed by state and federal tax credits, expects to break ground on Walnut Square Apartments in early 2025, according to co-founder Jonathan Strauss. Walnut Square ...
$2.9M Lower Saucon house tops July 1-7 list of most expensive sold in Lehigh Valley
A house in Lower Saucon Township that sold for $2,880,000 tops the list of the most expensive residential real estate sales in Northampton County in the most recent week of available deed transactions. The property at 1806 Apple Tree Lane, was built in 1974 and have a living area of...
Developer secures millions in state funding for Allentown affordable housing project
ALLENTOWN, Pa. — An affordable housing development planned for downtown Allentown took a huge step toward fruition this week as its developer secured a major chunk of the project’s funding. Cortex Residential is set to get $14.3 million from the Pennsylvania Housing Finance Agency to build 38 units...
Emmaus tackles details of tax relief for apartments on 'blighted' site
EMMAUS, Pa. — Emmaus Borough Council continued Monday to mull giving tax assistance to plans for a large apartment complex on condemned, environmentally hazardous former industrial land that has gone unused for nearly 30 years. An ordinance was drafted, but ultimately held back for rewrites, to accommodate a developer's...
Realtors' association expresses opposition to possible deed transfer tax referendum
ALLENTOWN, Pa. – Allentown City Council deferred action on a bill that would authorize the Lehigh County Board of Elections to place a referendum on the Nov. 5 ballot asking voters to amend the home rule charter to delete the deed transfer tax from the section which regulates the tax rate.
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