City of Philadelphia - File #: 180739

• File #: 180739
• Version: 0
• Type: Bill
• Status: ENACTED
• File created: 9/13/2018
• In control: Committee on Appropriations
• Final action: 10/4/2018
• 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 from sources other than recording fees; 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
• Indexes: HOUSING TRUST FUND
• Code sections: 21-1600 - Housing Trust Fund

Date	Ver.	Action By	Action	Result	Tally
10/17/2018	0	MAYOR	SIGNED
10/4/2018	0	CITY COUNCIL	READ AND PASSED	Pass	16:1
9/27/2018	0	CITY COUNCIL	ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR
9/27/2018	0	CITY COUNCIL	SUSPEND THE RULES OF THE COUNCIL	Pass
9/27/2018	0	CITY COUNCIL	READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR
9/26/2018	0	Committee on Appropriations	HEARING NOTICES SENT
9/26/2018	0	Committee on Appropriations	HEARING HELD
9/26/2018	0	Committee on Appropriations	REPORTED FAVORABLY, RULE SUSPENSION REQUESTED
9/13/2018	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 from sources other than recording fees; 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.

* * *

§ 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 approval. Expenditures from the Housing Trust Fund ...