Official:Amending Chapter 21-1600 of The Philadelphia Code, entitled "Housing Trust Fund," to provide annual operating support for affordable rental units that are developed using the 4% federal Low Income Housing Tax Credit; all under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: April 3, 2014
Signed: June 19, 2014
: Committee on Housing, Neighborhood Development and The Homeless
Status: Signed into Law, step 4 of 4
This bill provides annual operating support for affordable rental units developed using federal Low Income Housing Tax Credits, with the goal of developing 1,000 units.
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