The 'Philadelphia Housing Action Plan' Targets 100,000 Units in 10 Years
"A housing plan introduced by Philadelphia planning czar Anne Fadullon Wednesday calls for producing and preserving a combined 100,000 units over the next 10 years," reports Jake Blumgart, after a briefing with Philadelphia planning czar Anne Fadullon.
The briefing did not include precise recommendations about how to reach the affordable-housing goals....But suggestions compiled by seven working groups were included, from a repair program for small landlords, to a down-payment loan fund, to “creating a mechanism to capture the value of upzoning or density increases.” Increasing funding for the city’s Housing Trust Fund also is among the recommendations.
More details will be available when the final version of the plan is released in October of this year.
The city of Philadelphia worked with Vincent Reina, urban planning professor at the University of Pennsylvania, and housing consultants from LISC and Wilson Associates Inc. to craft the new strategy.