READ AND PASSED

This enacted bill authorizes Philadelphia’s Housing and Commerce directors to apply for and accept federal and state grants for housing and community development, including programs for affordable housing, homelessness, housing for people with AIDS, and blight prevention. It also authorizes applications for Elm Street and Main Street grants and allows the Commerce director to use up to $20 million in HUD-backed Section 108 loan guarantees, subject to the bill’s conditions. The measure sets maximum amounts for the various grants and loan guarantees and allows the directors to complete the required agreements and actions.

Authorizing the Director of Housing, on behalf of the City, to file applications with the United States Department of Housing and Urban Development for a Community Development Block Grant; to participate in the HOME Investment Partnership program and the Emergency Solutions Grant program; and for a Housing Opportunities for Persons with AIDS grant; and to file applications with the Commonwealth to obtain grants under the Act of April 12, 1956, P.L. 1449, Section 4, as amended, to prevent and eliminate blight; authorizing the Director of Housing and the Director of Commerce to file applications to obtain other grants from the Commonwealth; authorizing the Director of Commerce to use the Section 108 Loan Guarantee Program; and authorizing the Director of Housing and the Director of Commerce to enter into all understandings and assurances contained in such applications and take all necessary action to accept the grants; all under certain terms and conditions.