I am pictured above on the front page of the Real Estate section of today’s Inquirer with my boss, Farah Jimenez, in one of 11 townhomes that my company built last year for first-time homebuyers that make no more than 80% of the area’s median income.
The front page of the Real Estate section of today’s Philadelphia Inquirer features a lengthy article about our region’s need for “workforce housing,” or housing for middle-class workers such as police officers and school teachers. Last summer my company, a non-profit Community Development Corporation in the Mt. Airy section of the city, completed construction of 11 townhomes for first-time, income-qualified homebuyers. I am proud to say that 10 of the 11 homes are currently occupied. I encourage you to read the article.
Skyrocketing housing prices throughout our region, including Conshohocken, have brought some great benefits and probably some unexpected wealth to long-time homeowners. However, those prices have left many prospective buyers squeezed out of the market. It’s a challenge we’ll need to work together to address.