THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 16-900 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 16-900. PHILADELPHIA WORKFORCE HOUSING OPPORTUNITY ZONES.
§ 16-901. Definitions.
In this Chapter the following definitions shall apply:
Affordable Workforce [Homeownership] Housing.
Homeownership and Rental
[H]
h
ousing affordable to households whose income is between 80% and 120% of Area Median Income as established by the U.S. Department of Housing and Urban Development.
§ 16-902. Designation of Zones.
The areas of the City generally known as follows shall be designated as Philadelphia Affordable Workforce Housing Opportunity Zones:
Reserved.
§ 16-903. Authorization to Dispose of Publicly-Owned Property for Nominal Consideration.
Publicly owned properties in designated Philadelphia Affordable Workforce Housing Opportunity Zones shall be available for disposition for nominal consideration for the development of Affordable Workforce [Homeownership] Housing as defined in § 16-901(a), upon approval by ordinance.
SECTION 2. This ordinance shall take effect immediately.
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Explanation:
[Brackets] indicate matter deleted.
Italics
indicate matter added.
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