With Fewer Affordable Philly Rentals, Suburbs Get A Windfall
Could Philadelphia’s vanishing affordable rental housing be the reason behind an explosion of apartment construction in places like Narberth, Ardmore, and elsewhere?
Suburban communities, particularly along the Main Line, are marketing themselves as slightly cheaper places to rent. And you’re a quick Septa ride into Center City.
While Rents Continue To Rise In U.S., Philly Not Among Most Expensive
Even though Philadelphia’s rental housing crisis may make it seem like rents are out of control, not so says a national survey.
In fact, in some areas of the country, rents are starting to fall.
LA Wants Hotels To House Homeless. Are Rental Properties Next?
Hapco Philadelphia is rightly concerned about a referendum in Los Angeles calling for empty hotels to house the homeless.
It could set a dangerous precedent for rental property owners there and elsewhere.
NJ Prosecuting Rental Owners For New Ex-Con Renters Law
Rental property owners in New Jersey now have even fewer ways to control who is renting their apartments. And they’re being prosecuted over it.
The Attorney General’s office there is now citing rental owners who violate the so-called Fair Chance in Housing Act passed by lawmakers in 2021.
It’s the first law if its kind in the country and Hapco Philadelphia is pushing to make sure a similar law is not passed in Pennsylvania.
Exodus of Rental Owners From Philly Worsens Affordable Housing Shortage
As if we didn’t already know this, Philly renters have very little affordable housing to choose from.
The crisis Hapco Philadelphia has warned of for years is highlighted in a new study.
It confirms the renter bidding wars HP has reported on months ago.