Affordability

The affordability gap between the cost of a home and what people actually make is present in every community in the state, from the most rural to the most urban, and in every state around this country. High costs force many Pennsylvania workers to over-burden themselves, paying more than they can truly afford just to give their family a place to live.

In 2011, fair market rent of a two-bedroom apartment in Pennsylvania is $837. To afford this rate, one needs to earn $16.09 per hour – but the average renter in Pennsylvania only makes $12.49. The minimum wage is only $7.25 per hour, requiring someone to work more than two full-time, minimum wage jobs just to afford a place to live.

Resources for Affordability

Home truly bedrock

A new national movement called Home Matters aims to unite America around the essential role that home plays.
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Less low-income Pittsburgh housing squeezing those in need

Low-income housing is shrinking so much that emergency housing and shelters have a backlog.

Saving affordable housing

To compete with for-profits, housing advocates are combining the benefits of their non-profit structure with the financial flexibility that comes from operating a REIT.

Sequester puts some needing housing aid 'back to square one'

Housing authorities across the country have all but stopped issuing rent vouchers as they try to deal with the cuts known as sequestration.
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Commonwealth Cornerstone Group awarded $45M in tax credits

The credits come from the New Markets Tax Credit program, to spur increased investments into businesses and real estate projects in low-income communities.
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Average apartment out of reach for most renters

In Erie Co., the price of renting a basic two-bedroom apartment in greatly surpasses the wages earned by a local renter.

Sequestration hits keep on coming

According to CBPP, rental assistance to 140,000 low-income families could be denied.
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UPDATES: National Housing Trust Fund

Polling shows widespread concern about homelessness and the need for H.R. 1213, the Common Sense Housing Investment Act of 2013.
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Action guide for reducing energy waste in America's affordable multifamily housing

Guide serves as a practical tool for those seeking better partnerships among utility companies and affordable housing providers and investors.

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