Philly s dearth of affordable housing is at crisis levels as home prices have spiked and interest rates have ticked up post-pandemic. · philadelphia is facing a severe housing crisis that threatens the city’s economic foundation, with many renters severely cost-burdened and homeownership increasingly out of reach. · members of the city council and many activists want the initial money to go toward the citys most vulnerable residents and clearing the lines to get into affordable housing units. On wednesday, city council signaled those days may be over. · facing not just traditional obstacles of costs and political will, the proposal has been unveiled during a period of particular federal hostility toward subsidies of any kind, not the least for low-income buyers and renters. · councilmember jamie gauthier, chair of the body’s housing committee, said last week that she received information indicating that less than 10% of the thousands of people turned away from the programs in 2024 made too much money to qualify. In 2025, lawmakers passed about a dozen measures aimed at increasing the city’s supply of affordable housing , cutting red tape for real estate developers and helping low-income renters looking for a new place to live. Parker has dominated philadelphia city hall with an unbending approach to negotiations. · for almost two years, mayor cherelle l. · it was a big year for housing legislation in philadelphia city council.

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