PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.
Hard Work On Zoning Code Paying Off
A major milestone in the effort to adopt a new zoning code for Philadelphia was achieved when City Council closed hearings on the proposed new code on September 27th following submission by the Zoning Code Commission (ZCC) Work Plan Committee of additional proposed changes to the code. Many thanks to PACDC members and numerous allies who testified at the multiple hearings on the new code.
On October 20th, City Council unanimously approved a resolution recommending 40 amendments to the ZCC’s proposed code, which can be downloaded from www.zoningmatters.org. The ZCC will hold a special meeting on October 26th at 8:00 a.m. to review the City Council resolution. The ZCC is expected to forward their final proposed code to City Council in the next few weeks to allow time for a final up or down vote by City Council in December.
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The Philadelphia Housing Trust Fund has raised nearly $80 million since September 2005 to expand housing opportunities for more than 6,000 Philadelphia families.
The CDC Tax Credit Program has fostered 35 partnerships between businesses and non-profits that is providing $60 million in new funding for CDC neighborhood economic development.
PACDC’s Member Services programming builds capacity of CDCs through technical assistance and training, sharing of best practices, networking, and promotion of the local CDC industry.
The local CDC industry generated $3.3 billion in economic impact in Philadelphia during the past 20 years.
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