development

Community and Economic Development Through Historic Preservation

June 3, 2019 / Comments Off on Community and Economic Development Through Historic Preservation

An Overview of the City of Philadelphia’s Historic Preservation Task Force’s Mission Summary  The renewed development interest in Philadelphia’s Center City and surrounding neighborhoods over the past several years has resulted in demolitions and significant alteration of treasured buildings making headlines. It was enough so that it prompted Mayor Jim Kenney to appoint experts in the […]

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neighborhoods

Neighborhoods Outside Center City Remain Steady for Development

March 15, 2019 / Comments Off on Neighborhoods Outside Center City Remain Steady for Development

Many news sources are showing that home construction started to slow down nationally at the end of 2018, with single-family permits dropping by 6.7 percent. With that in mind, we wanted to see how Philadelphia’s construction activity compared year-over-year, and also how it was fairing early on in 2019. Last year, we took some time […]

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Opportunity Zone Strategies for Municipalities

March 1, 2019 / Comments Off on Opportunity Zone Strategies for Municipalities

You may have noticed the hoopla; you may have heard the hubbub: Everyone is talking about federal Opportunity Zones. In 2017, the Tax Cut and Jobs Act created federal Opportunity Zones (OZ), which are designed to provide long-term investment in economically distressed areas. The incentive provides tax relief on capital gains if invested into Opportunity […]

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PHI Shows Year-Over-Year Increase at End of 2018

January 25, 2019 / Comments Off on PHI Shows Year-Over-Year Increase at End of 2018

While 2018 may have concluded with a slight slowdown in the residential housing market, the PHI shows that predicted value of a single family home rose through the end of the year, reaching $122,998. (Remember that the PHI uses arms-length transactions of single-family homes, adjusts for housing traits and seasonality), and uses hedonic regression analysis […]

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The Rise of Multifamily Housing in the Philadelphia Region

May 25, 2018 / Comments Off on The Rise of Multifamily Housing in the Philadelphia Region

Housing investment has transformed in the years following the real estate market crash of 2008. The number of privately constructed housing units has steadily climbed since then, increasingly so over the past six years. In 2009, a total of 582,000 building permits were authorized for privately-owned housing construction in the United States; the total bounced […]

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SEPTA Drives the Economy of Pennsylvania

April 13, 2018 / Comments Off on SEPTA Drives the Economy of Pennsylvania

SEPTA Drives the Economy of Pennsylvania is Econsult Solution’s 2018 Economic Impact Study completed for Pennsylvania’s largest transit authority, the Southeastern Pennsylvania Transit Authority. Our report to SEPTA is timely as the agency faces significant budget pressures, with looming changes of the contribution of Pennsylvania Turnpike revenues to state transit funding, along with increasing demands on […]

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