Title
Amending Chapter 7-200 of The Philadelphia Code, entitled "Preservation of Affordable Housing," to provide for a City directory of affordable housing subsidies and their duration, all under certain terms and conditions.
Body
THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Chapter 7-200 of The Philadelphia Code is hereby amended to read as follows:
TITLE 7. HOUSING CODE
* * *
CHAPTER 7-200. PRESERVATION OF AFFORDABLE HOUSING
* * *
? 7-201. Purpose.
The purpose of this Chapter 7-200 is to preserve and retain as a long-term resource, privately-owned, City-, state- and federally- assisted affordable rental housing for low- and moderate-income households.
* * *
? 7-205. Records of Affordable Housing Properties.
(1) The Department is authorized and directed to establish and quarterly update a directory of affordable housing properties as defined in section 7-202(1) organized by property name, address, year placed in service, funding stream, ownership, ownership structure, ownership contact information, unit count by number of bedrooms, bedroom count, target population, average rent at the property, average rent in surrounding area, earliest subsidy end date, and date of notice of intent to take a protected action under Section 7-203, pursuant to the availability of these items.
(2) The Department may also publish any analysis or early warning assessment developed to estimate which Affordable Housing Properties are at greatest risk of expiration or nonrenewal based on factors such as market rents, Market Value Analysis, or Displacement Risk Ratio in the same Census tract as each Affordable Housing Property.
(3) The Department may provide public access to the directory and quarterly update established pursuant to subsection (1) to support local affordable housing preservation efforts. Data may be posted on the Department's website, or the City's official online data repository, and provided in a variety of fo...
Click here for full text