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Updated almost 7 years ago on . Most recent reply

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Jimmy O'Connor
  • Real Estate Agent
  • Philadelphia, PA
483
Votes |
428
Posts

Impact of the homeless encampment reallocation in Kensington

Jimmy O'Connor
  • Real Estate Agent
  • Philadelphia, PA
Posted

For those of you new to Philly,  when the DNC came to Philly, the city had a massive campaign to combat the homeless issue (see this video from earlier this year- https://philadelphia.cbslocal.com/video/3433777-ph... ). As a summary, the majority of the homeless population was reallocated into one area, Kensginton. As a result, the city as a whole, was cleaned up but at the expense Kensington, which saw an influx of drugs, garbage, and homeless encampments.  

The City of Philadelphia is now addressing this issue and plans on a multi-armed plan to disperse the poverty and hopefully see a drop in the concentration of drug use and crime in that area starting January 2019 (see this article from October- https://billypenn.com/2018/10/18/kensington-homele... ).

I'm researching that area now in hopes that it will slowly shift into it's Northern Liberty Neighbor. What are the thoughts on acquiring low cost/section 8 REI to buy/hold as the crime, culture, and policy shifts? Who is already there?

  • Jimmy O'Connor
  • [email protected]
  • 6095131163
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