Category Archives: News
Victory! FY20 City Budget Boosts Housing Trust Fund to Another $20m!
More great news! The Fiscal Year 2020 budget approved by CIty Council in June included a boost in Housing Trust Fund spending to $20 million! That’s on top of the typical $12m – $14m the HTF receives annually from dedicated mortgage and recording fees. Last September, City Council and the Kenney Administration reached a compromise […]
PACDC testifies at Land Bank Public Hearing
PACDC’s Policy Director Beth McConnell testified before the Philadelphia Land Bank Board of Directors on its Draft 2019 Strategic Plan and Performance Report. PACDC called on the Land Bank and the Kenney Administration to make revised disposition and acquisition policies available for public comment, to consolidate the entire public inventory of vacant surplus property into […]
FY20 City Budget Boosts Commercial Corridor Spending by $2 million!
On Monday, Philadelphia City Council’s Committee of the Whole approved a budget for Fiscal Year 2020 that boosts investment in our neighborhood commercial corridors by $2 million. This budget is on track to be approved by Council by June 20th. This is a significant boost for programs that help create safe, clean, vibrant, and attractive […]
PACDC’s 2019 Magazine – Vital Signs: the Intersection of Health & Community Development
PACDC’s 2019 Magazine explores the connection between community development and improving health outcomes in our communities. The magazine also contains the nominees and winners from this year’s awards ceremony. Click here to read it now!
Kenney & Council Proposal for New Housing Trust Fund Dollars
Today, Mayor Jim Kenney, City Council President Darrell Clarke, and Councilmembers Maria Quinones-Sanchez and Mark Squilla announced their proposal for how the first year of the new Housing Trust Fund Sub-Fund dollars will be spent. This $19 million infusion of resources is a result of years of advocacy, and will be followed by at least […]
Council Committee Approves Housing Trust Fund Bills
On September 26, 2018, City Council’s Committee on Appropriations unanimously reported out three bills as part of the agreement between Mayor Kenney and Council to commit $70 million over the next five years to the Philadelphia Housing Trust Fund. PACDC applauds the Kenney Administration and City Council for this critical boost in investment in affordable […]
VICTORY! $70 million for affordable homes in Philadelphia
Today, City Council and the Kenney Administration announced an agreement to allocate $70 million in General Fund revenue for affordable housing over the next five years, beginning in the current Fiscal Year 2019. An ordinance to authorize the $21 million for the first year of funding was introduced at Council’s Stated Meeting today, September […]
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 […]