Title
Amending Chapter 16-400 of The Philadelphia Code, entitled "Vacant and Surplus Properties," by requiring affordable housing for certain dispositions; all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 16-400 of The Philadelphia Code is hereby amended to read as
follows:
CHAPTER 16-400. VACANT AND SURPLUS PROPERTY.
* * *
? 16-406. Disposition by Redevelopment Authority.
(1) Disposition of all such properties by the Redevelopment Authority must be by ordinance or resolution approved by the Council of the City of Philadelphia.
(2) All properties sold or transferred by the Redevelopment Authority pursuant to this Chapter shall be for development and use in accordance with the Comprehensive Land Use Plan of the City of Philadelphia.
(a) The Commissioner of Public Property is further authorized to include such additional terms and conditions in the deeds of conveyance to the Redevelopment Authority as he deems necessary or desirable to effectuate the purposes of this Chapter.
(3) Property acquired by the Redevelopment Authority pursuant to Section 16-404(5) hereof, within a redevelopment area, shall be disposed of under a redevelopment agreement in accordance with provisions of the Urban Redevelopment Law, Act of May 24, 1945, as amended.
(4) All dispositions of property by the Redevelopment Authority, including those certified by the Vacant Property Review Committee, shall have the following affordable housing requirements if a proposed disposition of real property will result in the development of multifamily residential housing consisting of 3 or more units:
a. 33% of the units developed for rent or lease must be rented to persons of low income. Low income rental units shall:
i. Have total monthly costs (including rent and utility costs) that do not exceed 30% of gross monthly income for households earning up to 50% of the Area Median Income (AMI), adjusted for household s...
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