Tag Archives: Construction Impact Tax
PACDC Testifies in Support of Construction Impact Tax
On December 1st 2020, PACDC and many of our members testified in support of a package of bills that could lead to a $400 million bond issue to invest in affordable homes, neighborhood commercial corridors, and create jobs. PACDC noted that Philadelphia desperately needs action to stimulate economic activity to recover from the devastating impact […]
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 […]
Take Action: Tell Mayor Kenney to Sign the Construction Impact Tax
Please take a moment right now to call, email, or Tweet Mayor Kenney and urge him to sign Bill No. 180351 that will create a 1% Construction Impact Tax that could generate $20 million or more each year for the Philadelphia Housing Trust Fund. Call him at (215) 686-2181. Email him at James.Kenney@phila.gov. Tweet to […]
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 […]
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 […]