Tag Archives: CDC Tax Credit
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 […]
CDC Tax Credit Expansion Bill Clears Council Finance Committee
A bill to expand the CDC Tax Credit Program by another 10 slots unanimously passed City Council’s Finance Committee on Tuesday, May 22, 2018. Sponsored by Councilman Bobby Henon, the bill would strengthen the organizational capacity of CDCs to engage in neighborhood economic development work by providing $100,000 per year for 10-years for qualifying CDCs. […]
PACDC Testifies on FY19/Year 44 Consolidated Plan
Testimony of Beth McConnell Policy Director, Philadelphia Association of Community Development Corporations Before the Division of Housing and Community Development and the Department of Commerce City of Philadelphia On the Year 44/FY19 Preliminary Consolidated Play April 25, 2019 Good afternoon and thank you for the opportunity to testify. My name is Beth McConnell, and I’m […]