Title
Amending Section 1108 of Chapter 21-1100 (Community Development) of The Philadelphia Code relating to financing mixed-use projects on or around commercial corridors, under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 21-1100 of The Philadelphia Code is hereby amended to read as follows:
CHAPTER 21-1100. COMMUNITY DEVELOPMENT.
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§21-1108. Economic Development.
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[(6) At least five percent (5%) of the annual Community Development Block Grant entitlement as provided by the federal department of Housing and Urban Development shall be allocated to economic development for mixed-use projects on or around commercial corridors.]
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