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Keep On Telling...

Submitted by Emily Hockenberry on Fri, 04/01/2011 - 15:00





 …Pat Toomey and your representatives how important Community Development Block Grant funds are to you, and also THANK Senator Casey for his strong support.


 

Why?

 

Under the FY2011 budget proposal passed by the US House of Representatives last month which seeks to cut $61 billion from the current federal budget, the City of Philadelphia could lose nearly $149 million in federal funding.

 

PACDC Fact

  • PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.

  • The Philadelphia Housing Trust Fund has raised more than $67 million in revenue since September 2005 to expand housing opportunities for Philadelphia families.

  • 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.

  • 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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