A Pennsylvania Housing Finance Agency study
shows housing affordability concern is growing among all Keystone State residents. The study also found that this is especially true for low-income households and minorities who are disproportionately burdened by the cost of housing.
The report shows that 69% of Pennsylvanians own their home. However the number of renters is on the rise in both urban and rural areas. In addition, folks age 65 and older make up 17% of Pennsylvania's population, leading to a sure rise in the need for accessible homes.
"The decisions and actions we make to improve housing within the Commonwealth need to be founded on a full understanding of the conditions residents and communities are facing today," PHFA Executive Director and CEO Robin Wiessmann said. "The findings in this report will help us make the most of our future housing and community development investments. We are making this report public so that other public and private sector organizations can benefit from its insights."
Newly constructed housing units tend to be large, single-family homes, even though the share of large households is shrinking and the share of renters is growing statewide, according to the report.
Read more about the Pennsylvania Housing Finance Agency's report