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File #: 180744    Version: 0 Name:
Type: Bill Status: ENACTED
File created: 9/13/2018 In control: Committee on Appropriations
On agenda: Final action: 10/4/2018
Title: Providing for recurring funding to support equitable neighborhood development by preserving middle neighborhoods, constructing affordable housing units available for sale or rent, providing assistance to Philadelphians who desire to become homeowners; and directing Council to appropriate revenues for said purposes to the Department of Planning and Development - Division of Housing and Community Development, all under certain terms and conditions.
Sponsors: Council President Clarke, Councilmember Squilla, Councilmember Gym, Councilmember Greenlee, Councilmember Reynolds Brown, Councilmember Parker, Councilmember Jones, Councilmember Johnson
Indexes: AFFORDABLE HOUSING
Attachments: 1. CertifiedCopy18074400.pdf
Date Ver.Action ByActionResultAction DetailsVideo
10/17/20180 MAYOR SIGNED  Action details Not available
10/4/20180 CITY COUNCIL READ AND PASSEDPass Action details Not available
9/27/20180 CITY COUNCIL ORDERED PLACED ON THIS DAY`S FIRST READING CALENDAR  Action details Not available
9/27/20180 CITY COUNCIL SUSPEND THE RULES OF THE COUNCILPass Action details Not available
9/27/20180 CITY COUNCIL READ AND ORDERED PLACED ON NEXT WEEK'S SECOND READING CALENDAR  Action details Not available
9/26/20180 Committee on Appropriations HEARING NOTICES SENT  Action details Not available
9/26/20180 Committee on Appropriations HEARING HELD  Action details Not available
9/26/20180 Committee on Appropriations REPORTED FAVORABLY, RULE SUSPENSION REQUESTED  Action details Not available
9/13/20180 CITY COUNCIL Introduced and ReferredPass Action details Not available
Title
Providing for recurring funding to support equitable neighborhood development by preserving middle neighborhoods, constructing affordable housing units available for sale or rent, providing assistance to Philadelphians who desire to become homeowners; and directing Council to appropriate revenues for said purposes to the Department of Planning and Development - Division of Housing and Community Development, all under certain terms and conditions.

Body
WHEREAS, There is an immediate and pressing need for funding to support equitable neighborhood development through the preservation of middle neighborhoods, construction of affordable housing, including units for sale or rent, and to provide assistance to Philadelphians who desire to become homeowners; and

WHEREAS, The establishment of recurring funding using revenue from expiring real estate tax abatements and other funding sources will provide such essential revenue; now, therefore,


THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:

SECTION 1. Required Appropriation.


(1) In the annual operating budget ordinance for each of the next five (5) fiscal years beginning in FY 2019, Council shall appropriate to the Department of Planning and Development - Division of Housing and Community Development, subject to Section 2-300(2) of the Home Rule Charter, an estimated amount at least equal to the total new Real Estate revenue received by the City and School District of Philadelphia from properties receiving a tax abatement in the immediately preceding year, funds received by the City under § 14-702 (7)(b)(.6) of The Philadelphia Code, and any other available funding source Council deems appropriate. The estimated projected appropriations are:


FY19
FY20
FY21
FY22
FY23
Estimated Annual Revenue from previously abated properties
$19,131,000
$9,119,000
$8,402,000
$7,544,000
$8,770,000
§ 14-702 (7)(b)(.6) Revenue
$1,980,000
$3,960,000
$3,960,000
$3,960,000
$3,960,000
Total
...

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