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.
How do you improve a neighbourhood without causing land prices to rise? Residents along a polluted waterway in San Juan set up a community land trust to help save their homes, as well as the environment
"Indeed, as rents have spiked in Philadelphia, concerns about affordability have increasingly emerged. Philadelphia has the highest rate of deep poverty... of any of the nation’s 10-most-populous cities... A family of four is in poverty if it has a cash income of about $24,000, while deep poverty is defined by that same family taking in $12,000 or less." ... See MoreSee Less
With 2016’s housing market defined by rising home prices, low inventory, and an increasing demand for urban living, it probably comes as no surprise that rents have been on the upswing across the country.
Surprised but pleased to get a mention in this article on the Top 5 real estate stories of 2016! Let's make housing impact fees one of the Top 5 Real Estate stories of 2017!
"The Bridge’s developer is making 10 percent of his building’s units affordable, and a local low-income-housing advocacy group, the Philadelphia Coalition for Affordable Communities, has just written a letter to Mayor Jim Kenney and Philadelphia City Council urging both to consider levying an “affordable housing impact fee” on new market-rate development to generate funds to preserve and expand affordable housing programs in the city." ... See MoreSee Less