PACDC’s activities have culminated in $180 million to date in new resources for affordable housing and neighborhood economic development.
Philadelphia HTF 2011 Report Highlights Progress
The report of the sixth year of the Philadelphia Housing Trust Fund was released in January, and it continues to demonstrate strong results across the board. Since its inception in 2005, the Housing Trust Fund has:
- Produced nearly 1,150 new homes, with another 225 under construction as of June 30, 2011
- Made major repairs to more than 1,400 homes
- Enabled nearly 950 people with disabilities to live more independently
- Helped nearly 1,850 households that were homeless or at risk of becoming homeless
- Leveraged nearly $225 million in non-city funds
The complete report is at http://www.philadelphiahousingtrustfund.org.
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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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