Monthly Archives: June 2018
Victory! City Council passes bill to guarantee $500,000 for CDC economic development
City Council unanimously approved Bill No. 180621 on Thursday, June 21st that will ensure that $500,000 more per year is made available for the economic development work of CDCs. Read PACDC’s letter to City Council urging them to approve the bill. Originally, the bill created 10 new CDC Tax Credit slots, but was amended on […]
Victory! City Council Passes Affordable Housing Bills
At its final session before summer recess, City Council approved a package of three bills PACDC advocated for that could generate more than $20 million per year for the Philadelphia Housing Trust Fund, and create more mixed income communities. Bill No. 180351 would create a 1% Construction Impact Tax, was approved by a narrow 9-8 […]
Housing Trust Fund Bills Clear Key Council Committee!
We’re one big step closer to a victory in our campaign to create Affordable Homes for a Growing Philly! On June 6th 2018, by a vote of 6 – 3, City Council’s Committee on Finance passed two bills that could lead to tens of millions more each year for the Philadelphia Housing Trust Fund! Bill […]