Lower Merion Township is reviewing its first parking meter rate increase in 25 years, a move aimed at balancing revenue needs with support for local businesses. Most meters would rise from $0.50 to $1 per hour, while select high-demand meters in the Ardmore Business District could increase to $1.50 per hour. Rates at the Cricket Avenue Parking Garage are expected to stay at $0.50 per hour. Why the...
Big changes may be on the horizon for Pottstown, PA, as the borough prepares for the potential return of passenger rail service for the first time since 1989. The Delaware Valley Regional Planning Commission (DVRPC) is moving forward with its “Next Stop Pottstown” study, exploring how restoring rail service between Reading and Philadelphia could boost economic growth, improve transit options, and...
As housing affordability continues to challenge buyers nationwide, the idea of a 50-year mortgage is gaining attention. The concept is now being explored at the federal level as one possible strategy to help more Americans, especially first-time homebuyers, enter the housing market. Recently, Federal Housing Finance Agency (FHFA) director Bill Pulte confirmed that the Trump administration is evaluating...
The North Crossing Apartments, a 145-unit complex in Willow Grove, Upper Moreland Township, has been sold for $27.6 million to Friedman Realty Group of South Jersey. Built in 1970, the property was 97% leased at the time of sale, reflecting strong demand in the suburban Philadelphia rental market. (Philadelphia Business Journal) Planned Renovations and Upgrades The new owners plan to invest several...
Philadelphia’s 76ers and Comcast Corp. are moving forward with plans to redevelop parts of Center City, signaling major changes for the 1000 block of Market Street. The two companies plan to demolish most of the retail buildings on the south side of the block, stretching from 1000 Market St. to 1024 Market St., with demolition expected to be completed by next summer. (Philadelphia Business...
The City of Coatesville Council has recently passed an ordinance that increases the local real estate transfer tax rate from 2 % to 2.5 %, taking effect on January 1, 2026. The tax hike is designed to generate an estimated additional $180,000 in revenue for the city’s 2026 budget. A portion of the new rate, specifically a half-percent of the 2.5 % rate, will continue to be allocated to the...
A significant boost for senior housing opportunities in Bucks County: the Daniel B. Green House, a 60-unit affordable housing community for residents aged 62 and older, has officially opened at 4695 Somerton Road in Trevose. Why This Development Matters The building is designed to provide one-bedroom apartments for low-income older adults in a region where affordable housing options are...
If you’re a homeowner or getting ready to purchase in Pennsylvania, there’s an important update regarding a key winter-support program that could affect many households. The Low‑Income Home Energy Assistance Program (LIHEAP), which provides heating-bill support to qualified low-income residents in Pennsylvania, is facing a delayed launch for the 2025-26 season. According to the Pennsylvania...
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