Generocity, December 1, This is Philadelphia’s largest, newest coalition combating poverty
Philadelphia is considered the most economically impoverished big city in America. Redlining and gentrification play a part in the economic disparities in the city.
A report from the National Community Reinvestment Coalition shows that over the decade-plus between 2000 and 2013, gentrification caused the Black population to decline in 16 census tracts across Philadelphia. The cost of living increased, and affordable housing units became sparse. Over 20,000 low-cost housing units disappeared from the city since the turn of the century.
“[Philadelphia has] the least equitable distribution of economic mobility of impoverished people,” said United Way’s Bill Golderer.
