The Biden Administration’s top housing official comes to Philadelphia baring gifts as the city struggles with a shortage of affordable housing and the presidential campaign season heats up.It’s a tale of two communities. Frankford Avenue, in the upscale Fishtown neighborhood, where Rosalie Gentry made a fast offer on the condo she owns that may now be out of her price range. Gentry said, "I think the timing was definitely important two years ago.
"Helpless over rising rents and the lack of affordable housing in a city where the feds say 40 percent of the population spends more than 30 percent of its income on rent and utilities, known as, "housing cost burdened."Adrianne Todman is the Acting Secretary of Housing and Urban Development. She said, " I’ve been across the country, and I’ve seen families, retirees, just regular folks who say the rent is just too high.
Source: Financial Digest (financialdigest.net)
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