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Philly's Healthy Rowhouse Project Adds a New Low-Interest Loan Program
Philadelphia Council President Clarke and Mayor Jim Kenney will join the Healthy Rowhouse Project "in announcing their intention to launch a home repair loan program next summer, creating for the first time a renewable income source to help poor residents fix their houses," reports Roxanne Patel Shepelavy.
"The loan program—up to $34,000, at low-interest—will be a radically new approach to affordable housing in the city, and one of only a few like it around the country. The goal is to preserve 'naturally-occurring affordable housing'—that is, housing that is affordable without any government subsidy."