Mixed Income Housing Bill Passes City Council!
In June of 2017, Bill No. 170678 to create a Mixed Income Housing Program in Philadelphia was introduced into City Council by Councilwoman Quinones-Sanchez, Council President Clarke, Councilmembers Blackwell and Johnson. Over the past year, PACDC worked to build support for the bill among members of Council, the Kenney Administration, and other stakeholders.
The amended final version that passed Council unanimously on June 21, 2018 creates a voluntary program that provides developers with density bonuses if they set aside 10% of their units for income-restricted households. For rental homes, households between 50% – 60% Area Median Income (AMI) would be eligible for the affordable units, and for-sale homes would benefit those between 70% – 80% AMI (check out this table to learn about AMI income eligibility limits). Monthly housing expenses would be limited to 30% of the income of the tenants or buyers. The units would remain affordable for 50 years.
By providing the homes on site at the development, low- and moderate- income Philadelphians can secure quality homes they can afford in higher-income neighborhoods. By making a payment to the Philadelphia Housing Trust Fund, funds can be used to improve our lower-income neighborhoods by creating more affordable homes or preserving or repairing existing affordable homes, and helping our neighbors who are facing homelessness. Since the HTF was created in 2006, 75% of the funds have supported households under 30% AMI.
Check out this Op-Ed on the legislation from PACDC’s Beth McConnell, and Rasheedah Phillips of Community Legal Services, which ran in the Philadelphia Inquirer on November 17, 2018.