Long-term residents of the Pittsburgh community have endured the hardships that come with living in an overlooked, under-resourced community. As public and private investment have found Pittsburgh, many of the long-term residents that have held on through the lean years are now endanger of being displaced as conditions improve.
In the years after the great recession (2008-2012), over 50% of the homes in Pittsburgh were vacant, many of them open and vacant. As outside investors realized the potential of the community, housing prices rapidly increased. The community has seen a 250% increase in property values since 2015. This type of transition makes it difficult for low and moderate income residents to afford housing.
The U.S. Census Bureau estimates that about 60% of neighborhood households have an annual income below $35,000. As the built environment improves and new resources serve the neighborhood it is crucial to protect affordable housing for current residents. Pittsburgh Community Housing is in the fifth year of a fifteen year commitment to develop affordable housing in the neighborhood.