On the afternoon of November 29th, 2016, Beth McConnell of PACDC provided testimony to the Committee on Finance in support of Bill No. 161014 which would authorize the City to issue a bond to fund $60 million worth of repairs for low-income homeowners.
The legislation will allow the City to begin to clear the multi-year waiting lists for three key home repair programs: the Basic Systems Repair Program, the Adaptive Modification Program, and the Weatherization Assistance Program. The bond will be repaid by a 0.1% increase in the Realty Transfer Tax which was approved by City Council and signed by the Mayor in June of 2016 and which PACDC also supported.
Read the full testimony here.