Wednesday, May 6, 2009

State Investment in Housing Pays Solid Returns

Back to Back HouseFor every dollar invested in housing the state sees a return of $1.62 to $2.28, producing a double benefit: housing for neighborhoods that need it and jobs for those doing the construction and related work.

At an event in Harrisburg yesterday, the Housing Alliance of Pennsylvania unveiled an economic study showing that state investment in housing pays solid returns. This study proves that it makes economic sense for the state to invest in rehabilitating and creating more housing within reach of those who need it.

The Housing Alliance of Pennsylvania supports the creation of a Housing Trust Fund, similar to what has been established in 38 other states. Legislation to create the fund is currently in Committees in the state House and Senate.

For more information please visit the Housing Alliance of Pennsylvania’s website.

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