PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.
Property Acquisition & Disposition Update
PACDC is pursuing implementation of the six-point property acquisition/disposition agenda we developed in consultation with members and other key stakeholders.
To download the agenda:
http://www.pacdc.org/docs/Acquisition_101408.pdf
The City is moving forward with efforts to address challenges in the system, with the latest estimate being that they expect to complete their audit of NTI bond funds being used to support property acquisition by the end of March.
Related Posts
- Mayor Nutter Freezes NTI Property Acquisition Activities
- Campaign for Vibrant and Safe Neighborhoods
- Council Amends ConPlan to Expand Funding for Affordable Housing, Property Acquisition & Utility Payments
- PACDC Members Meet with Mayor Nutter
- PACDC Releases Report on Philadelphia Housing Trust Fund Accomplishments
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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