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Back to search resultsBill 020047

Amending Chapter 19-200 of The Philadelphia Code, entitled "City Funds - Deposits, Investments, Disbursements," by amending Section 19-201, entitled "City Depositories," by requiring a statement of community reinvestment goals for low and moderate-income neighborhoods in the City of Philadelphia.

AI summary

This enacted law requires each City depository to give Philadelphia an annual statement of its community reinvestment goals. The statement must cover small-business loans, home mortgage and improvement loans, and other community development investments in the city’s low- and moderate-income neighborhoods.

File details

Status
ENACTED
Introduced
February 5, 2002
Sponsors
W. Wilson Goode, Jr.W. Wilson Goode, Jr.MAMichael A. NutterMAMichael A. NutterMarian B. TascoMarian B. TascoAOAngel OrtizAOAngel OrtizDRDonna Reed MillerDRDonna Reed MillerDCDavid CohenDCDavid CohenFJFrank J. DiCiccoFJFrank J. DiCiccoFRFrank RizzoFRFrank RizzoWTW. Thacher LongstrethWTW. Thacher LongstrethJFJames F. KenneyJFJames F. KenneyRMRick MarianoRMRick MarianoAnna Cibotti VernaAnna Cibotti VernaJLJoan L. KrajewskiJLJoan L. KrajewskiDarrell L. ClarkeDarrell L. ClarkeBlondell Reynolds BrownBlondell Reynolds BrownBrian J. O'NeillBrian J. O'NeillJannie L. BlackwellJannie L. Blackwell
View official record ↗

Full text

THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Section 19-201 of The Philadelphia Code is hereby amended to read as follows:

Section 19-201. City Depositories.

(2) Each City depository shall:

* * *

(f ) provide the City with an annual statement of community reinvestment goals with regard to providing small business, home mortgage and improvement loans as well as other community development investments within low and moderate-income neighborhoods in the City of Philadelphia.

* * *

SECTION 2. This Ordinance shall take effect immediately.

Explanation:

Italics

indicate new matter added.

End

File history

Sometimes city council's record keeping is not complete. This timeline reflects the information on the council's legistar website.
  1. Council actionMAYOR

    Signed

  2. Council actionCITY COUNCIL

    Read

  3. Council actionCITY COUNCIL

    Ordered placed on next week`s second reading calendar

    Council actionCITY COUNCIL

    Ordered placed on this day`s first reading calendar

    Council actionCITY COUNCIL

    Suspend the rules of the council

    Pass
  4. Council actionCommittee on Finance

    Amended

    Council actionCommittee on Finance

    Reported favorably, rule suspension requested

    Council actionCommittee on Finance

    Hearing held

    Council actionCommittee on Finance

    Hearing notices sent

  5. Council actionCITY COUNCIL

    Introduced

    Pass
    Council actionCITY COUNCIL

    Referred