Philadelphia Zoning Mandate Opposed by GPAR
GPAR Opposes Inclusionary Zoning Mandate Legislation
GPAR opposes the zoning mandate Bill No. 170678, introduced by Councilwoman Maria Quiñones-Sánchez, and invites you to attend the upcoming hearing on it to show opposition.
WHAT: Hearing of the Committee on Rules
WHEN: Monday, November 27 at 10 am
WHERE: City Council Chambers, Room 400 City Hall
WHY IS THIS A BAD BILL?
The zoning mandate Bill No. 170678 seeks to ensure that one out of every 10 units in any new residential construction project with 10 or more units be rented or sold at an “affordable” rate to qualifying low-to-moderate income households, or the developer must make a payment in lieu of building the affordable units to the Housing Trust Fund. In addition, the requirements of the bill would apply to the renovation of existing buildings when more than $7,000 per unit of improvements are made or a zoning permit is required.
A recent Building Industry Association of Philadelphia commissioned report found that the economics of this bill make privately financed, market rate development financially unfeasible. It will stall development in the City and will result in a loss of city revenue, jobs, a decrease in the supply of both market rate and affordable housing, and an increase in housing prices.