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PACDC Members Meet with Mayor Nutter

Submitted by Emily Hockenberry on Mon, 03/28/2011 - 14:31

 

More than 80 PACDC members met with Mayor Michael Nutter and other Administration officials February 17th to discuss the City’s budget. PACDC members focused on our three top PACDC policy priorities:

  • Inclusion of a Land Bank in the plan being developed to reform the City’s vacant property management system;
  • Expanded funding for the Philadelphia Housing Trust Fund; and
  • Capacity building and financial support for CDC neighborhood economic development and affordable housing efforts.   

 

 

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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