Official:Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," by requiring a statement of community reinvestment goals for low and moderate-income neighborhoods in the City of Philadelphia.
Sponsor: Councilmember Goode
Introduced: February 5, 2002
Signed: March 14, 2002
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill requires banks that do business with the City of Philadelphia to submit a yearly plan for investing in low-income neighborhoods, including small business loans and home mortgage improvements.
Add your view and see how other readers lean. One vote per person.
to cast your vote
Philadelphia City Council Moves to Launch Public Financing Entity Amid Efforts to Boost Local Economic Growth
210956-A · Signed Into Law · 2021
City Transfers Funds to Support Vacant Lot Cleanup Efforts and Job Creation Initiatives Throughout Philadelphia Neighborhoods
190230 · Lapsed · 2019
Philadelphia Authority for Industrial Development Given Lifeline with 50 Year Extension on Bond Issuance Powers
110370 · Signed Into Law · 2011
Philadelphia Council Votes to Boost Economic Development Funding in City Corriders
100159 · Signed Into Law · 2010
City Prepares to File Application for Up to $1 Million in State Funds to Revitalize Lancaster Avenue
090288 · Signed Into Law · 2009
Council Unveils Plan to Let Longtime Homeowners Skip Property Tax Bills for a Year
020048 · Signed Into Law · 2002
Philadelphia Businesses to Receive Tax Credits for Creating New Jobs Under Proposed Council Plan
020116 · Signed Into Law · 2002
City Officials Unveil Plan to Direct More Loans to Women Entrepreneurs in Low-Income Neighborhoods
020256 · Signed Into Law · 2002
Every City Council bill since 2000, summarized in plain English.