READ AND PASSED

This enacted ordinance requires recurring appropriations for five fiscal years beginning in FY 2019, using revenue from properties with expired real estate tax abatements and other available sources. The funds support preserving middle neighborhoods, building affordable homes for sale or rent, and helping Philadelphians who want to become homeowners through the Department of Planning and Development’s Division of Housing and Community Development.

Providing for recurring funding to support equitable neighborhood development by preserving middle neighborhoods, constructing affordable housing units available for sale or rent, providing assistance to Philadelphians who desire to become homeowners; and directing Council to appropriate revenues for said purposes to the Department of Planning and Development - Division of Housing and Community Development, all under certain terms and conditions.