City of Philadelphia - File #: 140274

• File #: 140274
• Version: 1
• Type: Bill
• Status: ENACTED
• File created: 4/3/2014
• In control: Committee on Housing, Neighborhood Development and The Homeless
• Final action: 6/19/2014
• Title: Amending Chapter 21-1600 of The Philadelphia Code, entitled "Housing Trust Fund," to provide annual operating support for affordable rental units that are developed using the 4% federal Low Income Housing Tax Credit; all under certain terms and conditions.
• Sponsors: Council President Clarke, Councilmember Blackwell
• Indexes: HOUSING TRUST FUND

Date	Ver.	Action By	Action	Result	Tally
8/5/2014	1	MAYOR	SIGNED
6/19/2014	0	CITY COUNCIL	PASSED	Pass	16:0
6/12/2014	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL
6/12/2014	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/12/2014	1	CITY COUNCIL	ORDERED PLACED ON NEXT WEEK`S SECOND READING CALENDAR
6/9/2014	0	Committee on Housing, Neighborhood Development and The Homeless	HEARING NOTICES SENT
6/9/2014	0	Committee on Housing, Neighborhood Development and The Homeless	HEARING HELD
6/9/2014	0	Committee on Housing, Neighborhood Development and The Homeless	AMENDED
6/9/2014	1	Committee on Housing, Neighborhood Development and The Homeless	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
6/2/2014	0	Committee on Housing, Neighborhood Development and The Homeless	HEARING NOTICES SENT
6/2/2014	0	Committee on Housing, Neighborhood Development and The Homeless	RECESSED
4/3/2014	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending Chapter 21-1600 of The Philadelphia Code, entitled "Housing Trust Fund," to provide annual operating support for affordable rental units that are developed using the 4% federal Low Income Housing Tax Credit; all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Legislative Findings.

WHEREAS, The Federal Department of Housing and Urban Development (HUD) has established a benchmark to determine housing affordability which states that a household should spend no more than 30% of household income for housing costs; and

WHEREAS, HUD defines households that spend more than 30%, but less than 50% of household income for housing costs to be moderately burdened and households that spend more than 50% as severely burdened; and

WHEREAS, The Office of Housing and Community Development in its report on the impediments to fair housing choice documents the fact that over 116,000 Philadelphia renter households are moderately burdened and over 70,000 Philadelphia renter households are severely burdened; and

WHEREAS, The Philadelphia Housing Authority (PHA) has closed its waiting list for affordable public housing units as the list exceeds 110,000 applicants giving evidence of the severe shortage of affordable rental housing; and

WHEREAS, Tens of millions of dollars of federal 4% Low Income Housing Tax Credits go unutilized in the Commonwealth of Pennsylvania; and

WHEREAS, The Philadelphia Housing Authority has instituted a program under it's Moving To Work status to make available 6,000 Local Unit-Based Operating Subsidies which require the development of rental units; and

WHEREAS, The City of Philadelphia, the Philadelphia Housing Authority, the Philadelphia Redevelopment Authority and the Philadelphia Housing Development Corporation have over 11,000 surplus buildable parcels upon which affordable rental housing can be built without expenditure of funds to acquire real estate...