Here's what we're reading this week about the projects, people and policies driving local development:
WHYY reports on how inflation is increasing tax revenues for the City of Philadelphia, but not evenly across the various sources of the city’s tax revenues
by Tom MacDonald, Oct. 18, 2022
The Business Journal outlines plans the Enterprise Center rolled out to invest $125 million for equitable revitalization of the 52nd Street commercial corridor, and new plans for commercial development along Market Street near the 46th Street El station
by Jeff Blumenthal, Oct. 17, 2022
Philadelphia Magazine highlights Odin Properties latest project, which provides “workforce” rentals in a newly renovated apartment building in Overbrook, using historic tax credits but no public subsidy, providing sorely needed moderately priced rentals in high-quality units
by Sandy Smith, Oct. 17, 2022
The Inquirer reports how local non-profits will use funding from Wells Fargo to provide home purchase grants for up to 5,000 new Black and Brown homeowners in Philadelphia
by Michaelle Bond, Updated Oct. 18, 2022
Axios reports on an algorithm that is used by large, national residential property managers to set rent increases that advises property managers not to negotiate rents with tenants because it creates too much “empathy” for those tenants, and states that leaving those units vacant is more profitable than allowing any exceptions to the algorithm set rent increases
by Michael Mooney, Oct. 18, 2022
Biznow explains the spiraling down of mall valuations and the inability of appraisers to determine current value for these declining assets, making it harder for owners to invest in updates to restore the value of those assets
by Jon Banister, Oct. 19, 2022
Next City provides a long interview with the author of a book about Co-op City, the largest housing cooperative in the United States, that has income-regulated housing that is solidly middle-income and ethnically diverse
by Miriam Axel-Lute, Oct. 20, 2022
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