The City of Pittsburgh is in a position of incredible opportunity. Following years of hard work and dedication from many within the Pittsburgh community, our city’s market and economic trends are on a positive trajectory. After decades of population decline, the City is poised for growth and is becoming increasingly younger as the 25-34 age cohort is rising the fastest within our population. Our economy, too, is improving, with the City continuing to retain and attract investment in the technology, medical, and educational sectors. These are significant positives for our city and we are proud, as a rust-belt, legacy city, to be on such a strong course. This course, however, presents both challenges and compelling solutions. As the city continues to grow, emphasizing the needs of our most vulnerable populations–seniors, working families, and long-term residents–will be critical to preserving the vitality of our city and neighborhoods. Although over 10% of the city’s residential units are income-restricted, representing a substantial number of units preserved for households earning a certain income, there remains an affordability gap of 17, 241 units for households earning up to 50% of the city’s median household income.1 Many factors affect housing affordability, from historical policies and current market trends, but by leveraging the energy of the current market and strengthening existing partnerships and programs, we believe our solutions can effectively alleviate housing instability in our city over time.
Document Download | Download |
Document Type | |
Publish Date | |
Author | |
Published By | |
Edited By |
Uncategorized