This bill allows the City of Philadelphia to work with the Philadelphia Redevelopment Authority to finance a plan that helps make housing more affordable and available in the city. The plan includes programs to build and preserve homes, assist homeowners and renters, and improve neighborhoods. The city will pay fees and other costs related to the plan, which will be funded by the issuance of bonds or other debt.

Authorizing and approving the execution and delivery of a Service Agreement between The City of Philadelphia and the Philadelphia Redevelopment Authority relating to the financing of a Housing Opportunities Made Easy (H.O.M.E.) Plan which includes housing production and preservation, home affordability, home owner and renter assistance, related contractor training and support, blight and vacant property reduction, urban beautification, neighborhood infrastructure, and other related programs; approving the issuance by the Authority of bonds, notes or other evidences of indebtedness (including reimbursement obligations related to lines or letters of credit) in one or more series to finance or refinance such plan and authorizing and approving the obligation of The City of Philadelphia to pay in full when due the Service Fee and other amounts payable under the Service Agreement; authorizing certain City officers to take certain actions required to issue such bonds, notes or other evidences...