This bill changes the rules for building homes in certain areas of Philadelphia to make it easier to create affordable housing. It helps developers who are building homes that will be sold at affordable prices with rules to keep them affordable over time. This change affects developers and homeowners in areas with the Mixed Income Neighborhoods Overlay District.

Amending Section 14-533 of The Philadelphia Code ("/MIN, Mixed Income Neighborhoods Overlay District") to exempt from certain requirements of that Section residential development under programs designed to create affordable homeownership, which programs mandate deed restrictions and agreements establishing ongoing affordability requirements, all under certain terms and conditions.