Official:Providing for recurring funding to support equitable neighborhood development by preserving middle neighborhoods, constructing affordable housing units available for sale or rent, providing assistance to Philadelphians who desire to become homeowners; and directing Council to appropriate revenues for said purposes to the Department of Planning and Development - Division of Housing and Community Development, all under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: September 13, 2018
Signed: October 4, 2018
: Committee on Appropriations
Status: Signed into Law, step 4 of 4
This bill allocates recurring funding to support affordable housing and neighborhood development in Philadelphia. The funding will come from expiring real estate tax abatements and other sources, and will be used to preserve middle neighborhoods, construct affordable housing units, and assist Philadelphians who want to become homeowners.
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