How Philadelphia Made a Landmark Investment in Housing

How Philadelphia Made a Landmark Investment in Housing:
To Amend or Not to Amend the HOME Initiative? That is the Question.

At the beginning of the year, Mayor Cherelle Parker introduced her “Housing Opportunities Made Easy” Initiative, or the H.O.M.E. Initiative for short. This initiative stems back to her Mayoral campaign, when she initially promised to build 30,000 units of affordable housing if elected. Now, nearly halfway through her term, that objective has changed from building 30,000 units of affordable housing to building or preserving 30,000 housing units. The current aim is to begin construction for 13,500 new units and to restore or preserve an additional 16,500 homes, both of which align with her March 2025 goals.
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How to reach these specific goals an ensure that “affordability” is met has led to some hearty debate within city council, but most are in agreement that the foundations of this plan are essential. So, what exactly is in the H.O.M.E. plan?

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