Compare Listings

Philadelphia Zoning Mandate Opposed by GPAR

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.

Related posts

Amazon HQ2: Philly makes Amazon’s short list

Amazon HQ2: Philly makes Amazon’s short list for second headquarters Along with 19 other major...

Continue reading

WSJ Doesn’t Even Bother to Include Philly in Amazon Analysis

The new ranking doesn’t look good for the City of Brotherly Love. The Wall Street...

Continue reading

Philadelphia Home Sales Hit Post-Bubble High in Q3

Liberated from negative equity, many households appear to be returning to the market. October 28,...

Continue reading

Join The Discussion