Philly advances bill to stop University City Townhomes demolition
A contested bill designed to preserve an affordable rental housing complex in West Philadelphia moved one step closer to becoming law on Tuesday.
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A contested bill designed to preserve an affordable rental housing complex in West Philadelphia moved one step closer to becoming law on Tuesday.
A bill that would effectively bar the sale and redevelopment of the affordable housing project at 3900 Market St. has advanced out of committee.
The city of Philadelphia launched a height and density bonus in 2018 to create incentives for the development of affordable housing, but so far the results have proven underwhelming.
The fund seeks to level the playing field by making it easier for Black and brown developers to gain access to capital.
Councilmembers Maria Quiñones-Sánchez and Jamie Gauthier have introduced a bill to change Philadelphia’s mixed-income housing bonus.