KACS
Chester County Housing Statistics:
Residents – 534,413
Median Household Income – $117,232
Average Rent for 2 Bedroom Apartment – $1,737
Households in Poverty (fall below the federal poverty threshold) – 6.05%
Households in ALICE (Asset Limited, Income Constrained, Employed) – 24%
Of course, the most significant impact we hope to achieve is to make Southern Chester County a place where families of all income levels can live sustainably. Low-income adults work many essential positions in our community and deserve to live where they work, in safe and comfortable housing. Our goal is to create housing so that families in poverty or in the ALICE category can access housing at a rent they can sustain over the long term (no more than 30% of their household income).
With the CHDO designation, KACS Housing Initiative program is ready to become a substantial part of the housing solution. KACS will be able to secure state funding both for renovations and other capital expenses related to the property intended to become affordable housing for low- to moderate-income households, and for staff salary support to oversee KACS Housing Initiative Program efforts.
Our region prospers only when we all prosper when there are enough stable, safe homes people can afford. We need advocates to speak out for and support the changes that will make this happen. The lack of affordable housing impacts all of us, 40% of our workforce is in the retail, health care, education, emergency, and food service industries. The median income for workers in these essential industries is $61,000 or less. Recent college graduates and other young professionals also have trouble finding housing they can afford. Our long-term economic success depends on the availability of safe, attainable housing for our workforce. Employers need workers close by, especially those in health care and emergency services. By creating ‘middle housing’ such as house-scale buildings with multiple units compatible in scale and form with single-family units, we will bridge the gap for struggling families.
Interested in learning more about KACS Housing Initiative? Please complete the form below and we will contact you shortly. Thank you!
KACS Housing Initiative Partners:
