Walnut Park Plaza in West Philadelphia is set for extensive renovations. Constructed in 1928, the 227-unit building has been used for senior housing for over 60 years. MCAP Funds has secured $47 million in low-income housing tax credits for the project. The building is supported by Section 8 housing assistance payment contracts. The property is located at 6232-6250 Walnut St. in the Cobbs Creek neighborhood near Philadelphia's border with Delaware County.
Source: Philadelphia Business Journal; 7/7/2026