Audit Reveals Thousands of Delayed Demolitions and Repairs by Philly's L&I
Philadelphia's Department of Licenses & Inspections (L&I) is understaffed and lacks sufficient funding to address thousands of unsafe properties, recovering only a fraction of the costs for necessary demolitions and repairs, according to a report by the City Controller. The report recommends active recruitment for more inspectors, improved systems for tracking and collecting fees, and collaboration with courts to reduce delays in follow-up inspections.
Philadelphia Sheriff Sales Deed Delays: Investors Left Waiting as Process Stalls
Buyers who purchased properties at Philadelphia sheriff sales are facing significant delays in receiving their deeds, causing financial and operational challenges. Previously taking six to eight weeks, the deed recording process now spans seven months or longer, without explanation from Sheriff Rochelle Bilal's office. Buyers like Dave Brown, who invested in a renovation project last November, waited seven months for their deeds, impacting their ability to access, repair, or rent out properties. The delays, attributed to software changes and administrative issues, have left many feeling frustrated and financially burdened.
Philadelphia Secures $3.3 Million HUD Grant to Tackle Affordable Housing Barriers
Philadelphia received a $3.3 million grant from HUD to address affordable housing barriers, with Mayor Cherelle Parker planning to unveil a comprehensive housing strategy by October. This funding, part of the PRO Housing initiative, will support naturally occurring affordable homes and address the impact of climate change on housing affordability.
New Legislation Alert: Hapco Keeps You Updated!
HB 2443 (Tenant right to Counsel) has been introduced and Referred to House Housing and Community Development Committee. For more information, click the link below.
Why Philly’s Small Apartments Are Making Big Waves
Philadelphia has ranked among the top cities with the smallest new apartments built over the past decade, and the trend continues as current constructions are even smaller.
Philadelphia Area Housing Affordability: Six-Figure Down Payments Required for Typical Homes
In Philadelphia, prospective homeowners face high financial barriers with median-income households needing over $100,000 for a down payment on a typical home, according to Zillow. Despite efforts to save, the 20% down payment traditionally recommended for affordability is often out of reach, reflecting broader challenges in the housing market.