PASSED

The enacted ordinance creates the Philadelphia Community Reinvestment Commission, a 15-member unpaid body that will plan and carry out community reinvestment strategies. The commission will review ways to attract private investment, guide Community Development Block Grant spending, reuse land, and create a community development financial institution fund, with members from City government, banks, community development groups, and related organizations.

Amending Chapter 21-800 of The Philadelphia Code entitled "Advancement of Economic Opportunities" by adding Section 21-802 on The Philadelphia Community Reinvestment Commission.