PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.
Hearing Expected on Philadelphia Housing Trust Fund Bill
The Pennsylvania Senate Urban Affairs and Housing Committee is expected to hold a hearing by the end of September that will include consideration of House Bill 639, regarding the Philadelphia Housing Trust Fund.
Passage would authorize the City to implement the local ordinance approved in December 2009 that would generate approximately an additional $4 million annually for the Philadelphia Housing Trust Fund to address local housing needs.
The bill, sponsored by Representative Taylor, was approved by the House in April.
For the full text of HB 639, click here.
Related Posts
- We Did It! State House Passes HOUSING TRUST FUND (H.B. 639)
- Rep. Taylor Re-Introduces State Legislation for Philadelphia Housing Trust Fund
- State Legislation Authorizing Funding Increase for Philadelphia Housing Trust Fund Advances in Senate
- Philadelphia Housing Trust Fund Legislation Awaits Governor’s Signature
- PA Senate Passes Damaging Cuts to State Budget
PACDC Fact
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The Philadelphia Housing Trust Fund has raised more than $67 million in revenue since September 2005 to expand housing opportunities for Philadelphia families.
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The CDC Tax Credit Program has fostered 30 partnerships between businesses and CDCs that is providing $30 million in new funding to support neighborhood economic development.
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PACDC’s Member Services programming builds the capacity of CDCs through technical assistance and training, the sharing of ideas, best practices, and promotion of the local CDC industry.
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