Hapco Philadelphia has warned of the existing affordable housing crisis for years. And City Council’s excessive rental rules, regulations, and fees have pushed rental owners out of the market and put low-to-moderate-income housing on the verge of extinction.
HP feels city government itself is the reason Philadelphia doesn’t thrive in a way that benefits all of its residents.
While displacement like the evictions at the University City Townhomes is a sad downside to growth and wealth, City Council was slow to negotiate a better outcome for displaced tenants.
And more similar scenarios may be on the way.