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File #: 180347-A    Version: Name:
Type: Bill Status: IN COUNCIL - FINAL PASSAGE
File created: 4/12/2018 In control: Committee on Finance
On agenda: Final action:
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
Attachments: 1. Bill No. 180347-A02, As Amended on Floor.pdf
Date Ver.Action ByActionResultAction DetailsVideo
9/13/20182 CITY COUNCIL ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.  Action details Not available
9/13/20182 CITY COUNCIL READ  Action details Not available
9/13/20182 CITY COUNCIL RECONSIDEREDPass Action details Not available
6/21/20182 CITY COUNCIL READ AND PASSEDPass Action details Not available
6/14/20181 CITY COUNCIL READ  Action details Not available
6/14/20182 CITY COUNCIL AMENDED  Action details Not available
6/14/20182 CITY COUNCIL ORDERED PLACED ON FINAL PASSAGE CALENDAR FOR NEXT MEETING.  Action details Not available
6/7/20181 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR  Action details Not available
6/7/20181 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass Action details Not available
6/7/20181 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR  Action details Not available
6/6/20180 Committee on Finance HEARING NOTICES SENT  Action details Not available
6/6/20180 Committee on Finance HEARING HELD  Action details Not available
6/6/20180 Committee on Finance AMENDED  Action details Not available
6/6/20181 Committee on Finance REPORTED FAVORABLY, RULE SUSPENSION REQUESTED  Action details Not available
5/22/20180 Committee on Finance HEARING NOTICES SENT  Action details Not available
5/22/20180 Committee on Finance RECESSED  Action details Not available
4/12/20180 CITY COUNCIL Introduced and ReferredPass Action details Not available
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...

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