Anti-Displacement

We are hearing more and more about long-term Philadelphia families and businesses who are being displaced from the neighborhoods they have called home because of rising rents, taxes, utility costs, and a lack of clear title to the house in which they live or the building in which their business is located. Putting four community stabilizing policies in place will distribute the benefits and burdens of new growth and investment more fairly, allow more current residents who want to remain in their community to do so, and discourage displacement of viable small businesses that serve community needs. As a result, more iconic small businesses thrive, more high-amenity mixed-income neighborhoods form or continue, and more homeowners pass down their wealth to the next generation.