▁on ▁equ ity ▁in ▁ 2 0 1 1 , ▁according ▁to ▁the ▁American ▁Bank ers ▁Association , ▁is ▁head qu arter ed ▁in ▁dow nt own ▁Phoenix ville . ▁ ▁One ▁impact ▁of ▁economic ▁rev ital ization ▁has ▁been ▁the ▁increase ▁in ▁the ▁cost ▁for ▁residents ▁living ▁in ▁Phoenix ville ▁which ▁was ▁partially ▁the ▁result ▁of ▁increased ▁demand ▁for ▁housing ▁caused ▁by ▁the ▁growth ▁of ▁local ▁restaur ants , ▁bre wer ies ▁and ▁bout iques ▁in ▁town . ▁Community ▁leaders , ▁the ▁Phoenix ville ▁Bor ough ▁Council , ▁along ▁with ▁two ▁consecutive ▁may ors , ▁saw ▁the ▁need ▁to ▁create ▁an ▁Aff ord able ▁H ous ing ▁Task ▁Force ▁to ▁study ▁what ▁personal ▁financial ▁issues ▁existed ▁in ▁the ▁community , ▁as ▁well ▁as ▁to ▁propose ▁solutions ▁to ▁any ▁housing ▁issues ▁they ▁un cover ed . ▁ ▁That ▁task ▁force ▁later ▁became ▁the ▁Aff ord able ▁H ous ing ▁Council ▁of ▁Phoenix ville . ▁The ▁Council ' s ▁website ▁states : ▁" In ▁Ch ester ▁County , ▁we ▁recognized ▁that ▁the ▁community ▁was ▁changing ▁and ▁Phoenix ville ▁needed ▁to ▁keep ▁pace ▁with ▁the ▁evol ving ▁dem ograph ics ▁of ▁its ▁wonderful ▁town . ▁Our ▁community ▁saw ▁an ▁increase ▁in ▁hom eless ness ▁as ▁well ▁as ▁limited ▁housing ▁options ▁for ▁families ▁and ▁sen iors / ind ividual s ▁with ▁a ▁limited ▁income . ▁Several ▁of ▁the ▁local ▁community ▁leaders ▁took ▁it ▁upon ▁themselves ▁to ▁research ▁the ▁issue ▁and ▁gained ▁the ▁support ▁from ▁the ▁Bor ough ▁of ▁Phoenix ville ▁to ▁create ▁a ▁task ▁force .