Foto
16Oct

New Brief Shows Positive Economic Impact of Investments in Affordable Housing

Share List A successful model for harnessing private capital The state housing tax credit legislation is modeled on the highly successful federal low- income housing tax credit (LIHTC) program, which is responsible for approximately  90% of affordable rental housing construction and renovations in the country. Here in Pennsylvania, LIHTC is oversubscribed (three applications are received…

READ MORE

Shopping malls as residential centers? OK if all levels of income are included

Share List Philadelphia Inquirer Editorial Echoing a national trend, some of the struggling malls that once dominated suburban retailing in the Philadelphia region are being reborn as communities for living as well as shopping. The evolution from single to mixed-use development is an opportunity for more than a mere re-brand of a faded consumer destination…

READ MORE

As area median income rises, what is the impact for residents seeking affordable housing?

Share List From: PublicSource How do rising incomes in Allegheny County impact affordable housing? It’s not exactly clear unless you know that benchmarks for affordable housing rents and eligibility are based not on local residents’ needs, but on the overall wealth of the region. Known as area median income [AMI], the benchmark is revised each…

READ MORE
Foto
10Sep

PHFA issues RFP for local groups to request funding for housing initiatives

Share List PHFA Press Release Application deadline is Nov. 15 HARRISBURG – The Pennsylvania Housing Finance Agency today is issuing a Request for Proposals soliciting applications from organizations for projects to improve the availability and affordability of housing across the commonwealth. Funding for this RFP is being provided through the Pennsylvania Housing Affordability and Rehabilitation…

READ MORE

Philly housing costs rising faster for poor and middle class than for the wealthy

Share List From: The Philadelphia Tribune Phyllis Chamberlain, executive director of the Housing Alliance of Pennsylvania, said residents may be pushed into substandard housing — in Philadelphia or elsewhere — with potentially lifelong impacts. “There’s evidence that children who experience homelessness and who have to move often have higher baseline symptoms of depression and anxiety….

READ MORE

Hazelwood Initiative buying 63 properties to preserve affordability

Share List From: Pittsburgh Post Gazette An agreement between a neighborhood nonprofit and a local landlord aims to keep 63 homes in redeveloping Hazelwood permanently affordable. There is a signed sales agreement between Hazelwood Initiative and David Cunningham, the neighborhood’s biggest landlord, though the neighborhood development group still needs to raise all the funds to…

READ MORE