Official:Providing for a payment to the City upon the construction of certain real estate, and directing Council to appropriate revenues from such payments to the Department of Planning and Development - Division of Housing and Community Development, in order to support equitable neighborhood development by constructing affordable housing, including units for sale or rent; providing assistance to Philadelphians who desire to become homeowners; providing opportunities for workforce development and apprenticeship; and requiring M/W/DBE participation goals, including monitoring and enforcement, all under certain terms and conditions.
Sponsor: Council President Clarke
Introduced: October 15, 2020
Signed: December 10, 2020
: Committee of the Whole
Status: Signed into Law, step 4 of 4
This bill creates a tax on new construction projects in Philadelphia to fund affordable housing and community development initiatives.
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