Official:Amending Section 1108 of Chapter 21-1100 ("Community Development") of The Philadelphia Code relating to financing mixed-use projects on or around commercial corridors, under certain terms and conditions.
Sponsor: Councilmember Jones
Introduced: March 24, 2011
: Committee on Finance
Status: Signed into Law, step 4 of 4
This bill changes how the city allocates federal funding for economic development projects on commercial corridors. At least 5% of annual Community Development Block Grant entitlement will be allocated to mixed-use projects.
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