Editor’s note: It appears others are closely watching what Pottstown Borough Council decides regarding this low-income tax credit project and we are pleased!
Up in Pottstown (that’s in MontCo for you folks who don’t know what lies beyond the City’s limits) is a blightfighter who runs Golden Cockroach, an activist fighting against substandard rental living conditions in rental apartments, vacancy and urban (yes, urban!) blight up in Pottstown.
A boro of only 22,000 people, Pottstown occupies a small 5 square mile area of the western corner of Montgomery County, bested by Norristown and Conshohocken in urban density. Most of the town is middle income at the high end and lower end working class. As an older PA boro with an industrial past, it has its share of rusty buildings and older housing stock. Ranchers on large plots are few. Twin porchfront rowhomes with postage stamp front yards, many.
Since the housing bubble burst 5 years ago Pottstown has seen an increase in cash buyer investors seeking to grab deeds and insert renters into properties as has happened in other PA towns like Bensalem where subprime mortgages existed. Many of those investors are absentee, maintenance is less than spectacular, and residents are worried that if left unchecked, and combined with urban-industrial decay within the town, that could put Pottstown’s viability as a desirable place to live under fire if quality of life worsens. No one wants to see Pottstown decay into Chester or see its tax base erode or flee.
Read more: http://www.philadelinquency.com/?p=2866