PASSED

This enacted measure amends Philadelphia’s Housing Development Agreement Ordinance, which covers low-cost residential development and redevelopment and transfers of certain City-owned properties. It requires express approval from City Council before City-owned property can be transferred to the Philadelphia Housing Development Corporation or any other party under that ordinance or its related agreement.

Amending the Ordinance approved June 28, 1966 (Bill No. 1845), as amended, known as the "Philadelphia Housing Development Agreement Ordinance," and entitled "An Ordinance authorizing the Commissioner of Public Property on behalf of the City to enter into an agreement with the Philadelphia Housing Development Corporation to provide for low cost residential development and redevelopment in the City and to cooperate in certain housing programs, including the transfer of certain parcels of land, under certain terms and conditions," by requiring the express approval of Council by ordinance prior to the transfer of any City-owned property pursuant to that Ordinance or pursuant to the agreement authorized by that Ordinance.