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Philadelphia HTF 2011 Report Highlights Progress

Submitted by Garrett ODwyer on Thu, 02/09/2012 - 15:49

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.

 

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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