PACDC’s activities have culminated in more than $140 million in new resources for affordable housing and neighborhood economic development efforts.
We Did It! State House Passes HOUSING TRUST FUND (H.B. 639)
The State House of Representatives overwhelmingly passed legislation sponsored by Representative John Taylor to authorize the City of Philadelphia to increase funding for the Philadelphia Housing Trust Fund. The bill has been referred to the Senate Urban Affairs and Housing Committee.
Successful passage of the legislation is crucial to mitigate cuts TO federal and state funding the City receives to address local housing needs. City Council has already approved an ordinance contingent on passage of the state legislation that is expected to generate an additional $4 million each year for the Housing Trust Fund.
PACDC thanks everyone who reached out to educate their State Representatives on this issue.
Related Posts
- Rep. Taylor Re-Introduces State Legislation for Philadelphia Housing Trust Fund
- State Legislation Authorizing Funding Increase for Philadelphia Housing Trust Fund Advances in Senate
- Hearing Expected on Philadelphia Housing Trust Fund Bill
- State Housing Trust Fund Approved by House; Senate Outreach Needed
- State Passes Housing Trust Fund Legislation; Funding Contingent on National Housing Trust Fund Appropriation
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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