Pennsylvania Introduces First Statewide Housing Action Plan to Address Supply Shortages and Affordability
PENNSYLVANIA: Pennsylvania has introduced its first comprehensive, data-driven Housing Action Plan under the leadership of Governor Josh Shapiro to address the state's growing housing challenges. The initiative aims to increase housing supply, improve affordability and strengthen housing stability across urban, suburban and rural communities through coordinated, region-specific strategies. According to the plan, Pennsylvania will need to construct approximately 450,000 new housing units by 2035 to meet projected demand. However, at the current rate of construction, the state is expected to face a shortfall of nearly 185,000 homes. Rising housing costs, which are outpacing income growth, have also resulted in more than one million households spending over 30% of their income on housing. Additionally, over half of the state's existing housing stock is more than 50 years old, highlighting the need for renovation, repairs and modernisation. Increasing housing instability and homelessness across the state further underline the importance of expanding housing availability and improving long-term affordability.
Source: Govt of Pennsylvania
