Rick Sauer

(Rick Sauer, Executive Director, Philadelphia Association of CDC's)

Report Shows Valuable Impact By City’s Network Of CDC’s On Local Economy

Philadelphia has long counted on Community Development Corporations for housing and commercial improvements at the neighborhood level. Now, a local umbrella group has calculated the dollar value of their work.


Tom Edwards fears he will lose his home now that funding has been cut for Pennsylvania's mortgage-assistance program, HEMAP. (Credit: Pat Loeb)

Advocates See New Hope For Restoring Pa. Mortgage-Assistance Benefit

Housing advocates are hoping a new cost-benefit analysis of Pennsylvania’s Homeowners Emergency Mortgage Assistance Program (HEMAP) will convince the state to restore funding and they say last week’s settlement of a national foreclosure fraud lawsuit would allow the state to do so without impacting the budget.