Forcing Developers To Build Affordable Housing Doesn't Work, OpEd Says
In a rare admission, the Philadelphia Inquirer agrees with Hapco Philadelphia.
Forcing developers to build affordable housing without any sort of financial incentive will not work.
City Council’s 2021 Inclusionary Zoning Program was to compel builders to set aside 20-percent of a development for affordable housing.
As the Inquirer points out, it hasn’t worked. And as Hapco Philadelphia has pointed out for years, a government-can-fix-it-all approach to affordable housing never works unless there are incentives and dollars behind it.
PA Lawmakers Forced To Grapple With Affordable Housing Shortage
Hapco Philadelphia has long urged City Council and lawmakers in Harrisburg to let the private sector build new houses and apartments.
As long as the government makes city-owned land available to developers and curbs overregulation and set-asides, developers have more incentive to build affordable rental housing.
Being A Single Renter In Philly May Cost You More, But It's Still A Bargain
Philadelphia remains a relative good value, even among higher wage earners in market-rate housing, as compared with other major cities.
A new report just out from Zillow shows that single renters tend to pay slightly more than couples and families.
Hapco Philadelphia Partner Helps Tell Plight Of Rental Owners To Lawmakers
Mo Rushdy has teamed up with Hapco Philadelphia in recent years to champion the struggles of small, independent Mom & Pop rental owners.
And with his recent appointment to the City of Philadelphia Land Bank, Rushdy’s increasing profile can only help Hapco Philadelphia and other Rental Coalition partners tell politicos what we’re up against.