He says the typical family of four that moves into one of their homes, usually earns between $25,000 and $45,000 a year and there’s a tremendous need for affordable housing in Philadelphia.
“We’ll have 200 families apply for 10 spots, so the poverty rate in Philadelphia, I think it’s 24%.” says Monaghan. “I mean, it’s as high as any of the large cities in the United States.”
Monaghan says providing affordable homes to families helps break the cycle of poverty.
“They’ll be able to come home, recharge their batteries; the kids will have a safe place to do their homework and be productive members of society.”