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Thursday, December 24, 2020 On Dec. 10, 2020, the Philadelphia City Council approved three bills that would change the city’s tax abatement programs and impose a new residential construction tax. As of the date of this writing, Bill No. 200366 has been signed into law by Mayor Jim Kenney; Bill No. 200653 and Bill No. 200556 are awaiting his signature. The three bills passed the City Council with veto-proof margins and will take effect Jan. 1, 2022, substantially impacting real estate developers and affordable housing projects in the city. This GT Alert summarizes the three b...

Philadelphia legislators are expected to revive proposals to mandate that some private developers build affordable housing units, a prospect deeply unpopular among city developers. At least two members of City Council are drafting proposals for the mandate, which is typically referred to as inclusionary zoning. Councilwomen Maria Quiñones-Sánchez said she would introduce her proposal, which would limit the mandate to certain areas of the city, in January after legislators return from winter break. After several failed attempts in City Council to pass inclusionary zoning over the years, ...