City Councilwoman Maria Quiñones-Sánchez agreed Monday to hold a bill mandating set-asides for affordable housing in Philadelphia after a contentious, day-long hearing revealed deep divisions among developers, housing advocates and neighborhood groups over the best way to create low-cost units for the city’s poor and moderate-income residents.
“People said the bill needs more time, and I heard that,” Quiñones-Sánchez said.
They may investigate if they arent too excuse everywhere for lack of follow up is we are understaffed.
The current bill would allow developers to contribute to the Housing Trust Fund, instead of incorporating the subsidized units into their buildings. Because impact fees would apply to both residential and commercial construction, and would be applied citywide, the costs would be significantly less for individual developers.
Many of the conversations over the next week are expected to revolve around how big those fees should be.
The challenge for Philadelphia is that the city’s boom has been relatively limited geographically, and the city still has vast areas where house prices are still low by national standards.
Because so much of Philadelphia’s housing stock is old and needs repair, some housing advocates said the city would be better off creating an impact fee, rather than mandate inclusionary zoning.