PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.
Land Bank Legislation Introduced
In City Council February 2, Councilmembers Quinones-Sanchez, Green, Jones and Henon introduced an ordinance to establish the Philadelphia Land Bank. This Bill (#120052) has been referred to Council’s Committee of the Whole and can be downloaded from the City’s web site http://legislation.phila.gov/attachments/12615.pdf. PACDC worked with the Councilwoman’s office to draft the legislation – one of our priority goals – to streamline reuse of vacant and blighted property. This “At-A-Glance” fact sheet is useful in educating stakeholders.
The introduction of the bill also garnered widespread media coverage, including:
PHILADELPHIA INQUIRER
THE METRO
NEWSWORKS/WHYY
http://www.newsworks.org/index.php?option=com_flexicontent&view=items&id...
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KYW NEWSRADIO
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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