Odin Properties has broken ground on Sepviva Lofts, with many great partnerships involved on local, state and federal levels.

Odin Properties has broken ground on Sepviva Lofts, a $20 million affordable housing project at 2201 E. Tioga St. in Kensington/Harrowgate, near the Tioga Station of the Market-Frankford Line. The 51-unit development, set to open in 2026, will provide homes for residents earning 20–50% of the area’s median income.

This is great news for Philly as the four-story project will offer a mix of 1-, 2-, and 3-bedroom apartments with long-term deed restrictions that keep the homes affordable for at least 40 years.

Construction is slated to finish by late 2026, with plans including 44 parking spaces and a new on-site play area.

Financing includes federal Low-Income Housing Tax Credits; Odin says Sepviva Lofts is Philadelphia’s first 9% LIHTC construction closing of 2025, utilizing the Pennsylvania Housing Finance Agency’s 2024 allocation.

The Sepviva Lofts project is transforming a long-vacant industrial parcel that once housed Penn Galvanizing into a vibrant new residential community.

This marks Odin’s first ground-up affordable development, a significant milestone for a company that has primarily focused on adaptive reuse projects like Collins Lofts and East Tioga Lofts.

Sepviva Lofts also fits into Odin’s broader pipeline of roughly 250 affordable units planned across Philadelphia and Atlantic City, signaling a deeper commitment to creating sustainable, community-focused housing options in neighborhoods where investment and opportunity are needed most.

Joseph DeFelice told the guests that he was personally excited for this project as he, and his wife were raised in this area.

Excited for the future of much needed affordable housing in Philadelphia















































