PASSED

This enacted ordinance creates a new Philadelphia Code chapter for Affordable Housing Opportunity Zones. It defines these zones as neighborhoods or sub-neighborhoods with at least 100 publicly owned surplus properties and allows public properties in designated zones to be transferred for a nominal price to support affordable housing under the 1,500 New Affordable Housing Units Initiative, with approval by ordinance.

Establishing a new Chapter 16-800 of The Philadelphia Code, entitled "Philadelphia Affordable Housing Opportunity Zones," authorizing the designation of Affordable Housing Opportunity Zones; establishing definitions; authorizing disposition of publicly-owned zone properties for nominal consideration pursuant to the 1500 New Affordable Housing Units Initiative, all under certain terms and conditions.