Tag Archives: Housing Trust Fund
PACDC testifies before City Council on the FY21 Budget, Year 46 Consolidated Plan, and Year 45 Consolidated Plan amendments.
PACDC testified before City Council’s Committee of the Whole on May 27, 2020 on the FY21 budget, and the importance of the Housing Trust Fund and commercial corridor programs. We also testified before Council’s Committee on Finance on June 6, 2020 as the Consolidated Plan for FY21 (Year 46) was being considered, as well as […]
PACDC Testifies Before City Council on New Funds for Corridors, Housing, Land Bank
PACDC testified in support of four transfer ordinances on November 12, 2019 that would significantly boost funding for commercial corridors, affordable housing, and the Philadelphia Land Bank. Read our testimony here. The ordinances were approved by City Council’s Appropriations Committee that afternoon and are expected to be approved on final passage on November 21st before […]
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 […]
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 […]