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Philly’s Other Housing Crisis

Al Día, News Headline, Posted: Mar 21, 2009

Philadelphia is suffering from a housing crisis that isn’t about subprime mortgages, reports Al Día. Homeowners are abandoning their houses because they can’t afford to pay for structural repairs and other major work. Nearly one in eight homes in the city require major repairs, a consequence of the aging housing stock. About 80 percent of Philly’s houses are more than 40 years old. The Women’s Community Revitalization Project, which helps low-income women obtain affordable housing, conducted a survey of the city’s residential housing stock in collaboration with a dozen other organizations.


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