Philadelphia Kicks off $2 Billion Plan to Create 30,000 Housing Units

The city council approved the first loan for an affordable housing effort championed by Mayor Cherelle Parker.

1 minute read

February 6, 2026, 6:00 AM PST

By Diana Ionescu @aworkoffiction


Brick apartment buildings with Phialdelphia skyline in the background.

JonDMiller / Shutterstock

The Philadelphia City Council approved a $800 million loan that will kick off the city’s Housing Opportunities Made Easy initiative, a plan to create or preserve 30,000 housing units, reports Aaron Moselle in WHYY.

The program includes increased funding affordable housing preservation and production as well as a home repair program and eviction prevention assistance. “Under the legislation, 90% of funding for the Basic Systems Repair Program and the Adaptive Modifications Program will go to households earning up to 60% of area median income, or about $71,640 annually for a family of four.” 

The vote comes after months of wrangling over the finer details of the plan. The first annual budget for H.O.M.E., approved in December, “calls for $277 million in spending for more than two dozen programs for renters and homeowners, many of which already exist. ”

Friday, January 23, 2026 in WHYY

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