Policy Briefings
Wednesday, August 12, 2009 - 09:26
Having discovered accounting lapses regarding the management of Neighborhood Transformation Initiative bond funds targeted for property acquisition, on May 28th Mayor Nutter announced that the City would suspend all land-acquisition activities until a forensic audit can be done.
Since 2002, the
Wednesday, August 12, 2009 - 09:20
HUD Funds Increased in FY 2010 Budget, in which the Administration outlined its priorities to Congress, proposing that HUD receive $61.1 billion including $13.6 billion from the Recovery Act. Funding Highlights:
-Provides full funding for HUD's Community Development Block Grant program at $4.5
Wednesday, August 12, 2009 - 09:10
HUD has published final fair market rents for FY09 for the Housing Choice Voucher Program and Moderate Rehabilitation Single Room Occupancy Program. The FMRs for the Philadelphia metro area are: $736 for a studio, $842 for 1-bedroom, $1,005 for 2-bedroom, $1,203 for 3-bedroom, and $1,431 for a 4-
Tuesday, August 11, 2009 - 12:14
On November 12th, the General Assembly of Pennsylvania enacted the Abandoned and Blighted Property Conservatorship Act (HB2188 - Walko, D, Pittsburgh). Conservatorship provides for court-appointed conservators to bring residential, commercial and industrial buildings into municipal code compliance
Friday, June 26, 2009 - 10:56
On October 16, 2007, the Philadelphia Association of Community Development Corporations (PACDC) held a second anniversary celebration of the Philadelphia Housing Trust Fund to mark its impressive accomplishments to date and showcase the first housing development completed with support from this
Friday, June 26, 2009 - 08:28
Following testimony by PACDC's Policy Coordinator, James White, and other allies at the Philadelphia Department of Revenue's February 13th public hearing on their proposal to apply the City's Business Privilege Tax (BPT) to nonprofit rental income, the Revenue Commissioner indicated plans to modify
Friday, June 26, 2009 - 08:21
The Board of Revision of Taxes has indicated that it plans to hold off on implementation of their proposed full value assessment system until City Council and the state legislature act to protect property owners who might otherwise experience large tax increases.
Along these lines, in December City
Friday, June 26, 2009 - 08:07
President Obama launched his new foreclosure prevention program, entitled the "Housing Affordability and Stability Plan (HASP)" on March 4th, 2009. The two-pronged plan calls for companies to help as many as four million struggling borrowers by modifying loans so housing payments are no more than
Friday, June 26, 2009 - 08:05
PHFA has announced that adjustments and waivers of certain of the Qualified Allocation Plan parameters and limitations will be considered and made as necessary to move Low Income Housing Tax Credit projects forward. Given the challenges surrounding the current market for Low Income Housing Tax
Tuesday, June 2, 2009 - 03:43
This report highlights neighborhood economic development accomplishments supported by the City’s CDC Tax Credit Program and lays out a series of recommendations for making it an even more effective tool in increasing the economic vitality and livability of our neighborhoods.
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PACDC Fact
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PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.
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The Philadelphia Housing Trust Fund has raised nearly $80 million since September 2005 to expand housing opportunities for more than 6,000 Philadelphia families.
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The CDC Tax Credit Program has fostered 35 partnerships between businesses and non-profits that is providing $60 million in new funding for CDC neighborhood economic development.
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PACDC’s Member Services programming builds capacity of CDCs through technical assistance and training, sharing of best practices, networking, and promotion of the local CDC industry.
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The local CDC industry generated $3.3 billion in economic impact in Philadelphia during the past 20 years.
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