Nugent Home for Baptists (listed 2004)
Following its successful rehabilitation of the adjacent Presser Home for Retired Teachers in 2010, Nolen Properties has broken ground on a long-awaited restoration of the Nugent Home for Baptists in Mount Airy. The palatial Chateauesque building has been vacant since 2002 and was nearly demolished along with the Presser Home for Retired Music Teachers in 2005 before concerned neighbors intervened to list both buildings on the Philadelphia Register of Historic Places. Nolen Properties secured a combination of low-income housing tax credits, historic preservation tax credits and a loan from the Office of Housing and Community Development to finance the $16 million project, which will provide 62 units of affordable senior housing in the restored mansion and a sensitive new rear addition. The Alliance’s retired executive director John Gallery, who was a guest of honor at the groundbreaking ceremony in December, cited the Nugent and Presser Homes as among Philadelphia’s most significant preservation successes of the last decade.