Insights

Philadelphia, like many large cities, directs a considerable amount of money each year to meet its residents’ needs for quality affordable housing and related services. Over three recent fiscal years (2021-2023), local public sector entities expended nearly $2.3 billion on housing.

Over the past quarter century, social scientists have taken a renewed interest in neighborhood ecology. The term ecometrics describes the empirical investigation of neighborhood effects. We take an “ecometric” approach to examine two contemporary phenomena—involuntary residential movement (household eviction) and the concentration of cultural assets within neighborhoods—to examine how they might influence individual dimensions of social wellbeing and patterns of social wellbeing across Philadelphia.

Today, Councilwoman and Majority Leader Cherelle L. Parker (9^th District), along with Dr. Ira Goldstein, President of Policy Solutions at Reinvestment Fund, and all the members of the Philadelphia Home Appraisal Bias Task Force, issued its Final Report and Recommendations.

This article first appeared in the April 2022 issue of the Novogradac Journal of Tax Credits.

An analysis of six strategies to stabilize neighborhoods, this report examines policy interventions used to stabilize or revitalize housing markets in low- and middle-income neighborhoods.