Affordable Housing

Housing policies are a significant way we can attack economic segregation in Philadelphia. The new Administration must lead by creating a comprehensive housing strategy to address our city’s needs for quality affordable homes, including at least doubling dedicated funding for the Philadelphia Housing Trust Fund to $25 million per year. We must boost strategies to end homelessness, build and preserve more affordable homeownership and rental homes in every part of the city, including homes that are permanently affordable, spur more market-rate development, and ensure that residents are not involuntarily displaced from the neighborhoods they call home. It’s time to review the 10-Year Property Tax Abatement to determine if it must be updated for our current real estate market.