Hapco Philadelphia has been telling city council, the media, and the public for years that affordable rental housing in Philly is an endangered species.
For renters, buying their first home meant making an investment in the future. But skyrocketing home prices in recent years has derailed that dream for many tenants.
And that means there is a record number of renters looking for affordable rental housing, housing that’s quickly evaporating as it’s turned into expensive, market-rate units.