Tag Archives: Afforable Housing
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 […]
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 […]
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 […]
City Council Hearing on Construction Impact Tax 6/6/18 at 10 am!
City Council’s Committee on Finance will hold a public hearing on Wednesday, June 6 2018 beginning at 10 a.m. on Bill No. 180351 that creates a 1% Construction Impact Tax, and Bill No. 180347, which defines how those funds will be allocated and spent in a new sub-fund of the Philadelphia Housing Trust Fund. Come […]