Discover how shifting mortgage rates and evolving buyer preferences are narrowing the gap between renting and homeownership costs. Freddie Mac's latest research reveals surprising trends, including a decline in larger home purchases, affordability challenges in Southern metros, and the rising appeal of homeownership despite soaring rents. Is buying a home now a smarter move? Dive into the data and insights shaping the housing market this year! 

Discover why 4.2% of U.S. households remain unbanked, relying on cash and alternative financial services. Explore the barriers to banking, the rise of mobile banking, and the critical disparities among vulnerable populations, including Black and Hispanic households. This analysis highlights evolving trends and the financial challenges faced by millions.  

The November 5th election brought major shifts across the political landscape, with Donald Trump reclaiming the presidency, Republicans taking control of the Senate, and local races shaping Pennsylvania’s legislative future. Meanwhile, debates on housing policy, non-profit regulations, and Allegheny County’s budget underscore the pressing challenges ahead. Dive into our latest coverage for a deeper look at these pivotal developments and what they mean for our communities.

The COVID-19 pandemic didn’t affect all families equally, exacerbating existing income inequality and leaving lower-income households struggling in its wake. While overall wealth grew, the gains largely favored the affluent, with one-third of the lowest-income families facing job losses and significant health issues. A recent Federal Reserve report reveals that those hardest hit by the pandemic experienced a dramatic decline in wealth, while a slight increase in Black homeownership has begun to narrow the racial wealth gap. 

Curious about the long-term implications of these trends? Dive into the full article to uncover the intricate details of how the pandemic reshaped financial landscapes for families across different income levels.

From zoning amendments aimed at boosting affordable housing to a $600 million investment plan for revitalizing downtown, Pittsburgh’s housing and development landscape is evolving fast. Mayor Gainey’s proposed zoning changes and new guidelines for community homes, the recent halt on Pittsburgh's Side Yard Sale program, Allegheny County’s budget proposal including a property tax increase, and federal housing goals set by the FHFA are just a few of the key developments underway.

Despite persistent inequalities, new research from Harvard shows that African Americans are experiencing greater economic mobility than low-income white Americans—narrowing the racial earnings gap for the first time in generations. Read on to see how shifting community dynamics are shaping the future of economic opportunity. 

Pittsburgh is on the brink of major housing reforms, with Mayor Ed Gainey’s administration set to introduce a zoning overhaul that could transform everything from parking rules to affordable housing policies. But that’s not all—this issue dives into a recent audit of the Housing Opportunity Fund, PCRG’s advocacy on Low-Income Housing Tax Credits, and efforts to tackle unfair "junk fees" at a federal level. Stay informed on these critical changes and what they mean for Pittsburgh's future.

Governor Shapiro's 2024-2025 state budget includes a huge win for communities: the Neighborhood Assistance Program (NAP) expansion. With funding doubled to $72 million and corporate contribution limits increased, this will significantly boost local economic development projects. Discover how this expansion will empower communities like yours.

Governor Josh Shapiro has signed a $47.6 billion budget for the fiscal year 2024-25. Key highlights include doubling the Neighborhood Assistance Program (NAP) to $72 million, raising the PHARE cap to $100 million over four years, and increasing the Historic Preservation Tax Credit from $5 million to $20 million. The Main Street Matters program also received $20 million. Additionally, a hearing on short-term rentals, led by Rep. Lindsey Powell, emphasized the need for regulations to mitigate their impact on neighborhoods. Pittsburgh City Council will address eviction protection legislation upon returning from recess on August 28. We also joined a national comment letter to HUD advocating for reforms to the HOME Investment Partnerships Program to boost affordable housing.

Stay informed on critical developments: SCOTUS's recent rulings impact homelessness policies, the state budget negotiations are still ongoing with significant housing and community funding on the line, and the Pittsburgh Land Bank's efforts are stalled without a taxing body agreement. Plus, meet Allegheny County's new Housing Strategist and his vision for addressing homelessness.

Discover the financial and community benefits of homeownership this National Homeownership Month. Learn about the barriers and initiatives to make homeownership accessible for all. Read more to find out how you can be part of this empowering journey.  

Uncover the stark reality of housing accessibility and affordability, as Pittsburgh Community Reinvestment Group (PCRG) leads the charge in sparking vital conversations and tangible solutions. Delve into the disparities laid bare by startling statistics, prompting urgent calls for action from policymakers and community activists alike. Join the movement to revolutionize housing equity, from challenging systemic barriers to advocating for innovative policy reforms. Click now for a glimpse into how Affordable Housing Month is more than a moment — it’s a catalyst for lasting change and inclusive communities.

Discover how local communities are overcoming hurdles and driving change! Join PCRG members Fineview and Perry Citizens in celebrating a zoning victory that reshapes neighborhoods. Plus, uncover the legislative push to double the Neighborhood Assistance Program's funding, shedding light on crucial housing challenges. Get a sneak peek into the Pennsylvania Housing Financing Agency’s eye-opening study, revealing a shortage of 25,000 housing units for low-income residents. And delve into the discussions at the Statewide Blight Task Force meeting, where policymakers tackle issues from vacant property registration to combating absentee LLCs. Click to read more and stay ahead on neighborhood revitalization efforts!

Dive into the latest updates shaping Pittsburgh's housing landscape! From crucial legislation expanding the Pittsburgh Land Bank board to exciting developments in the Neighborhood Assistance Program , or NAP, a lot is happening. Plus, learn about County Executive Sara Innamorato's new chief housing strategist and advocacy efforts against the Capital One-Discover merger.