Pennrose Companies

05/28/2026

Affordable housing is most powerful when paired with the services families need to truly thrive. Our Nonprofit Partnership Spotlight series highlights the community partners who make that possible.

At Ascent at Hover Crossing in Longmont, Colorado, residents have access to more than a quality home. Built into the community from day one is a dedicated Early Childhood Education center operated by OUR Center and its Aspen Center for Child Development.

We spoke to the team behind OUR Center to hear what this partnership means for Longmont families, and how integrated, community-centered support can set children up for lifelong success.

Read the full Q&A: https://www.pennrose.com/news-views/blog/2026/nonprofit-partnership-spotlight-our-center-and-the-aspen-center-for-child-development/

In Longmont, Colorado, families moving into Ascent at Hover Crossing don't just get a new home, they get a front-row seat to their children's future. The mixed-income housing community developed in partnership with the Longmont Housing Authority has built into the community from day one is a dedicat...

05/21/2026

A team in Baltimore spent the better part of today volunteering at The Franciscan Center of Baltimore. Our group served over 290 free meals in the dining room, packed many more to go, and helped organize their free pantry and grocery store.

The Franciscan Center does amazing work serving Baltimoreans with various needs (including some of our residents) and they were such lovely hosts for our team. We will certainly be back next year!

05/21/2026

Pennrose team members Kyle McGarry and Taylor Shinal recently joined leaders from across the region at the Annual Green Building United Sustainability Symposium at Temple University, where this year's program explored the intersection of sustainability and affordable housing.

Kyle and Taylor, joined on their panel by leaders from Philadelphia Department of Planning & Development and Innova Services Corporation, drew on real-world examples from three Pennrose properties to make the case that preservation is an essential and often underrecognized component of climate strategy.

Thank you to Green Building United for the opportunity to contribute to this important conversation!

05/14/2026

On May 12th, dozens of Pennrose team members across the Philadelphia area and beyond collectively contributed over 100 hours of service to the local community as part of the first official Pennrose Foundation Month of Service.

We’re grateful to our incredible nonprofit partners who hosted our team members and worked with us to make this day a reality. These include Project HOME, Children's Hospital of Philadelphia, Sanctuary Farm Phila, Caring for Friends, and New Bethany.

These hours of service resulted in over 1,000 sandwiches packed for neighbors experiencing homelessness, hundreds of pounds of dirt hauled to grow free produce in our community, nearly 100 care packages and cards assembled for children at CHOP, hundreds of clothing donations sorted, and much more.

We will also be hosting organized service activities for our team members in Boston, New York, Cincinnati, Baltimore, Atlanta, and Denver in the weeks to come. Additionally, employees are encouraged to utilize our new Volunteer Time Off (VTO) benefit to serve their community however best suits them.

Happy Month of Service!

05/12/2026

WE ARE HIRING | Our team is expanding, and we are excited to find a Community Impact Coordinator in Camden, NJ. Check out the link to learn more about this position. https://ow.ly/XYEv50YV3q7

05/12/2026

Yesterday in Philadelphia, we celebrated new life in Overbrook at the site of Good Shepherd Presbyterian Church, which was lost to fire in 2016.

Joined by Presbytery of Philadelphia, Wynnefield Overbrook Revitalization Corporation, and project partners, we marked the grand opening of Good Shepherd, a 55-unit, 100% affordable senior housing community in Philadelphia's Overbrook neighborhood.

When the church was lost, community leaders came together with a shared vision to honor that legacy and meet a real and urgent need for affordable senior housing in Overbrook. Today, that vision is a reality. The brand-new community offers one-bedroom homes for adults 62 and older, with on-site supportive services to help residents age in place.

Thank you to all the partners whose collaboration made this possible: New River Church, Senator Vincent Hughes, Councilmember Curtis Jones, Jr., Rep. Morgan Cephas, Pennsylvania Housing Finance Agency (PHFA), Philadelphia Department of Planning & Development, BNY, RBC Capital Markets LLC, Domus Construction, Thriven Design

Read more: https://www.pennrose.com/news-views/news/2026/good-shepherd-grand-opening/

05/11/2026

Golden Hill is a story of site transformation, energy efficiency, and human-centered community design.

Built on a newly reimagined 20-acre site that was formerly the Ulster County Jail, Golden Hill is a highly-efficient, all-electric development pursuing both the U.S. Department of Energy’s Zero Energy Ready Home certification and Enterprise Green Communities “Plus” level of certification. Each building will have a rooftop solar array that will collectively generate roughly 700 kWp of renewable energy, enough to power about 85 homes per year.

Designed with green building principles in mind, Golden Hill maximizes solar heat gain in the winter and provides shading in the summer. It incorporates high-performance windows and energy recovery systems to support efficient heating and cooling.

“Sustainability is not a separate initiative— it’s how we define responsible stewardship. By aligning purpose and performance, we turn data into action, strengthen communities, and build a lasting legacy of resilience and accountability.” - Jason Newman, VP of Asset Management

05/07/2026

Pennrose's upcoming Ponce de Leon community in San Juan, Puerto Rico was recently highlighted in the BlueHub Capital 2025 Annual Report.

The 222-unit affordable senior housing development is designed to address Puerto Rico's critical housing shortage, with hurricane and earthquake-resistant construction, on-site supportive services, and a central location that keeps residents connected to the resources they need.

Thank you to BlueHub for the essential early-stage financing that helped move this project forward, and to Pennrose's Ivy Carter-Dench for her leadership throughout.

Read the full profile: https://2025.bluehubannualreports.org/ponce-de-leon

A 222-unit affordable senior housing development in San Juan, Puerto Rico, designed to withstand Category 5 hurricanes and earthquakes.

05/06/2026

WE ARE HIRING | Our team is expanding, and we are excited to find a Property Accountant in Philadelphia, PA. Check out the link to learn more about this position. https://ow.ly/p4h150YVbiM

05/01/2026

We're thrilled to celebrate the groundbreaking of the Blessed Sacrament redevelopment in Boston's Jamaica Plain neighborhood! In partnership with Hyde Square Task Force, we're transforming the historic church, vacant since 2004, into 55 affordable apartments and dedicated space for youth arts and cultural programs.

Thank you to Mayor Michelle Wu 吳弭 and all our partners for their collaboration!

Read more: https://www.pennrose.com/news-views/news/2026/mayor-wu-community-leaders-join-pennrose-and-hyde-square-task-force-to-break-ground-on-blessed-sacrament-church-redevelopment/



City of Boston Massachusetts Executive Office of Housing and Livable Communities MassDevelopment Massachusetts Housing Partnership Senator Edward J. Markey State Representative Sam Montaño