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BillENACTED

Bill 180744

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.

Introduced Sep 13, 2018Committee on AppropriationsOfficial record: City of Philadelphia via Legistar

Introduced by

Council President ClarkeCouncilmember SquillaCouncilmember GymCouncilmember GreenleeCouncilmember Reynolds BrownCouncilmember ParkerCouncilmember JonesCouncilmember Johnson

From the floor

Passages in the official transcripts that cite this file number. Every quote links to its exact place in the record.

  1. “To the President and members of the Council of the City of Philadelphia, the Committee on Appropriations, to which was referred Bill No. 180739, entitled "An ordinance amending Chapter 21-1600 of The Philadelphia Code, entitled 'Housing Trust Fund,' to authorize the establishment of separate sub-funds to Stated Meeting September 27, 2018 receive, respectively, revenues attributable to recording fees and revenues from…”

    Chief Clerk · Stated Meeting, September 27, 2018 · Sep 27, 2018 · official transcript, this passage

Status timeline

  1. Sep 13, 2018Introduced and Referred · CITY COUNCIL
  2. Sep 26, 2018HEARING NOTICES SENT · Committee on Appropriations
  3. Sep 26, 2018HEARING HELD · Committee on Appropriations
  4. Sep 26, 2018REPORTED FAVORABLY, RULE SUSPENSION REQUESTED · Committee on Appropriations
  5. Sep 27, 2018ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR · CITY COUNCIL
  6. Sep 27, 2018SUSPEND THE RULES OF THE COUNCIL · CITY COUNCIL
  7. Sep 27, 2018READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR · CITY COUNCIL
  8. Oct 4, 2018READ AND PASSED · CITY COUNCIL
  9. Oct 17, 2018SIGNED · MAYOR

Official documents

Documents open on the City of Philadelphia’s legislative site.

Full text

Read the full text as published

..Title 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. ..Body WHEREAS, There is an immediate and pressing need for funding to support equitable neighborhood development through the preservation of middle neighborhoods, construction of affordable housing, including units for sale or rent, and to provide assistance to Philadelphians who desire to become homeowners; and WHEREAS, The establishment of recurring funding using revenue from expiring real estate tax abatements and other funding sources will provide such essential revenue; now, therefore, THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS: SECTION 1. Required Appropriation. (1) In the annual operating budget ordinance for each of the next five (5) fiscal years beginning in FY 2019, Council shall appropriate to the Department of Planning and Development - Division of Housing and Community Development, subject to Section 2-300(2) of the Home Rule Charter, an estimated amount at least equal to the total new Real Estate revenue received by the City and School District of Philadelphia from properties receiving a tax abatement in the immediately preceding year, funds received by the City under § 14-702 (7)(b)(.6) of The Philadelphia Code, and any other available funding source Council deems appropriate. The estimated projected appropriations are: FY19 FY20 FY21 FY22 FY23 Estimated Annual Revenue from previously abated properties $19,131,000 $9,119,000 $8,402,000 $7,544,000 $8,770,000 § 14-702 (7)(b)(.6) Revenue $1,980,000 $3,960,000 $3,960,000 $3,960,000 $3,960,000 Total $21,111,000 $13,079,000 $12,362,000 $11,504,000 $12,730,000 The funds shall be used to support equitable neighborhood development by preserving middle neighborhoods, constructing affordable housing units available for sale or rent, and by providing assistance to Philadelphians who desire to become homeowners. SECTION 2. Effective Date. (1) This Ordinance shall take effect immediately upon final enactment. ..End