The Philadelphia Coalition for Affordable Communities is calling for the passage of a package of bills that will create new resources to expand and protect affordability in neighborhoods undergoing gentrification.
“For poor Americans, even a one-bedroom place is out of reach. There’s not a single state in the U.S. where a minimum-wage worker can comfortably afford a one-bedroom by working a 40-hour week. Raising the minimum wage would undoubtedly narrow these gaps, but it’s still just not enough… The key lies—you guessed it—in expanding the affordable housing supply.”
According to the NLIHC 2016 report, workers in Philadelphia must earn $23.27/hr to afford a two bedroom apartment at market rate – an impossibility for the thousands of Philadelphians living in poverty. The creation of new affordable housing is essential for maintaining stable, healthy communities in the face of rapidly rising rent and stagnating wages. ... See MoreSee Less
This new report on gentrification in Philly, uses a very narrow definition of gentrification as an increase in income for a census tract.
They left out: levels of displacement, changes in race, increased development, an increase in housing costs, factors that we consider essential in defining gentrification, especially increase in housing costs.
This is not the full picture when West Philly and North Philly are not considered as gentrifying. ... See MoreSee Less
In recent years, a number of Philadelphia neighborhoods have undergone significant transformation, with higher-income residents moving in, real estate prices rising, new businesses replacing old ones, and racial and ethnic compositions changing.
Over 50% of Philadelphians are paying more than they can afford for rent. How much wider does the disparity between housing costs and our residents’ wages need to grow before Philly makes affordable housing a priority?
"In 2014, 49.3 percent of households were spending at least 30 percent of their income on rent, near the all-time high. In addition, 26 percent of households spend at least half of their income on rent. What we’ve seen over the course of the last 15 years is a consistent, upward climb." ... See MoreSee Less