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Pennsylvania’s Low-Wage Workers: Housing Crisis

We must address the pressing issue of affordable housing in Pennsylvania, where a significant gap exists between wages and the cost of rental homes. The Out of Reach report, recently released by the National Low Income Housing Coalition (NLIHC), sheds light on this alarming disparity. For low-wage workers and families, the dream of finding affordable…

Employer Assisted Housing Programs: Study

Featured, Home Ownership, WealthLeave a comment

National Housing Conference Toolkit for Building Employer Assisted Housing Programs The Employer Assisted Housing (EAH) programs are a solution that aims to help employees achieve homeownership. Firstly, first-time homebuyers can receive down payment and closing cost assistance in the form of a loan that the organization forgives over a 3- to 10-year period or a…

Philly 5by25: Plan to Create 5,000 Black, Brown Homeowners

Featured, Home OwnershipLeave a comment

The “Philly 5 by 25 initiative” will aid home buyers and homeowners through efforts to tackle tangled titles, help diversify the real estate and home appraisal industries, support housing counselors, finance the development of affordable housing, and help individuals remain in their homes. A collaborative of Philadelphia community groups, led by the civil rights…

Philly courts halt sheriff sales after outcry over abrupt shift to online platform

Featured, Foreclosure Prevention, Home Ownership, Wealth

Philadelphia courts have ordered a moratorium on Sheriff Sales until September, following weeks of outcry over a sudden switch to online sales and subsequent critique from City Council. The office resumed sales after a one-year hiatus due to the coronavirus pandemic and when it restarted sales, it followed the lead of a number of counties that had…

Black-led BanksGiving and Empify are focused on changing financial futures

Featured, Personal Finance, Wealth

Financial Literacy Month began as a one-day acknowledgment that now runs the entire month of April. But for these two social entrepreneurs, advancing financial literacy is a task for 365 days a year — especially when it comes to youth. Chris Banks, founder of BanksGiving believes that sound financial principles should be learned as early as possible and…

2020 Foreclosure Prevention Guide Released

Featured, Foreclosure Prevention

FOR IMMEDIATE RELEASE: January 4, 2020 Urban Affairs Coalition’s Community & Economic Development Committee releases 2019 Foreclosure Prevention Resource Guide PHILADELPHIA, PA – On Tuesday, January 4, 2020, the Community and Economic Development (CED) Department of the Urban Affairs Coalition (UAC) released their latest version of the Foreclosure Prevention Resource Guide – the only resource that…