A bill recently introduced in the state Senate would cap rent rate increases at 10% for current tenants and 15% for new tenants.
The actions announced last week will promote fairer rental markets, boost the supply of affordable housing and manufactured homes, and help families who are struggling to make ends meet.
With the governor having previewed two of his main objectives for Pennsylvania’s upcoming budget — overhauling the state’s higher ed system and increasing public transportation funding — we asked our newsletter readers to sound off on what they wanted to see Shapiro prioritize in the state’s new budget.
In Sept. 2020, the median home sale price in Pennsylvania was $230,400. As of Sept. 2023, that figure had risen to $274,900, a 19% increase, according to Redfin. Renters are also paying more in the commonwealth. In 2020, they paid an average of $684 per month for a one bedroom apartment. In 2023, they’re paying an average of $917 for a one bedroom, a 34% increase.
In May, President Biden announced that it’s his administration’s goal to reduce homelessness in the United States by 25% by 2025 and to rehouse 38,000 veterans in 2023.
