Official:Establishing a new Chapter 16-800 of The Philadelphia Code, entitled "Philadelphia Affordable Housing Opportunity Zones," authorizing the designation of Affordable Housing Opportunity Zones; establishing definitions; authorizing disposition of publicly-owned zone properties for nominal consideration pursuant to the 1500 New Affordable Housing Units Initiative, all under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: March 27, 2014
Signed: June 19, 2014
: Committee on Public Property and Public Works
Status: Signed into Law, step 4 of 4
This bill establishes 'Philadelphia Affordable Housing Opportunity Zones' to address the city's affordable housing crisis by allowing for the disposition of publicly-owned properties for nominal consideration, aiming to create 1,500 new affordable housing units over two years.
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