City of Philadelphia - File #: 180347-A

• File #: 180347-A
• Version: 2
• Type: Bill
• Status: LAPSED
• File created: 4/12/2018
• In control: Committee on Finance
• Title: Amending Chapter 21-1600 of The Philadelphia Code, entitled "Housing Trust Fund," to authorize the establishment of separate sub-funds to receive, respectively, revenues attributable to recording fees and revenues attributable to certain payments required upon construction of certain real estate; to provide for and authorize the manner in which such revenues may be appropriated and spent; and to designate the agency within City government responsible for administering the Housing Trust Fund; all under certain terms and conditions.
• Sponsors: Councilmember Quiñones Sánchez, Council President Clarke, Councilmember Squilla, Councilmember Blackwell, Councilmember Greenlee, Councilmember Bass, Councilmember Jones, Councilmember Reynolds Brown
• Indexes: HOUSING TRUST FUND
• Code sections: 21-1600 - Housing Trust Fund

Date	Ver.	Action By	Action	Result	Tally
10/18/2018	2	CITY COUNCIL	ORDER THE BILL PLACED ON NEXT WEEK'S SUSPENSION CALENDAR
9/13/2018	2	CITY COUNCIL	ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.
9/13/2018	2	CITY COUNCIL	READ
9/13/2018	2	CITY COUNCIL	RECONSIDERED	Pass	17:0
6/21/2018	2	CITY COUNCIL	READ AND PASSED	Pass	13:4
6/14/2018	1	CITY COUNCIL	READ
6/14/2018	2	CITY COUNCIL	AMENDED
6/14/2018	2	CITY COUNCIL	ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.
6/7/2018	1	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
6/7/2018	1	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
6/7/2018	1	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
6/6/2018	0	Committee on Finance	HEARING NOTICES SENT
6/6/2018	0	Committee on Finance	HEARING HELD
6/6/2018	0	Committee on Finance	AMENDED
6/6/2018	1	Committee on Finance	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
5/22/2018	0	Committee on Finance	HEARING NOTICES SENT
5/22/2018	0	Committee on Finance	RECESSED
4/12/2018	0	CITY COUNCIL	Introduced and Referred	Pass

Title
Amending Chapter 21-1600 of The Philadelphia Code, entitled "Housing Trust Fund," to authorize the establishment of separate sub-funds to receive, respectively, revenues attributable to recording fees and revenues attributable to certain payments required upon construction of certain real estate; to provide for and authorize the manner in which such revenues may be appropriated and spent; and to designate the agency within City government responsible for administering the Housing Trust Fund; all under certain terms and conditions.

Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Chapter 21-1600 of The Philadelphia Code is hereby amended to read as follows:

CHAPTER 21-1600. HOUSING TRUST FUND.

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§ 21-1602. Establishment of the Philadelphia Housing Trust Fund.

(1) The Philadelphia Housing Trust Fund ("Trust Fund") shall be created by the Finance Director as a separate Fund held by the City of Philadelphia [into which shall be deposited revenue collected pursuant to Section 10-1001 of The Philadelphia Code for the purpose of funding the Trust Fund]. The fund shall be administered by the Department of Planning and Development's Division of Housing and Community Development.

(2) [It is the intention of the City Council that the Trust Fund be used for the purposes of this Ordinance. Therefore, any] Revenue collected pursuant to Section 10-1001 of The Philadelphia Code for the purpose of funding the Trust Fund shall be deposited into the Trust Fund. Any assets remaining in the Trust Fund at the end of any fiscal year shall be carried into the next fiscal year, including all interest and income earned, as well as any repayments or forfeitures of loans and/or grants.

§ 21-1603. Creation, Distribution and Use of the Trust Fund's Assets.

* * *

(9) Proposed annual expenditures from the Housing Trust Fund shall be incorporated into the City's Annual Consolidated Plan submitted to City Council for approva...