PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.
City Council Unanimously Approves New Zoning Code
Philadelphia City Council voted 17-0 to approve the City’s new zoning code on December 15th. The new code will increase predictability for developers, homeowners and neighborhoods, and advance appropriate development. Our understanding is the Mayor will have a bill signing ceremony on December 22nd in the Mayor's Reception Room in City Hall, and the new code will go into effect in August 2012. In the interim, the City will work to put new regulations in place, address sign controls, provide training to city officials and outside stakeholders who will be using the new code, and prepare for the remapping process.
PACDC would like to thank its members for providing the Zoning Code Commission with constructive, on-the-ground feedback during its four years of work, and for educating key stakeholders on the importance of zoning code reform.
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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.
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.
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.
The local CDC industry generated $3.3 billion in economic impact in Philadelphia during the past 20 years.
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