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Preserving Affordable Housing Through Existing Stock

As the cost of building new housing rises, mechanisms that support the purchase of existing housing by local governments and housing authorities can help mitigate the housing crisis and create affordable housing faster than new construction. ....

United States , Diana Lind , Philadelphia Citizen , Project Homekey , Preservation Package ,

City Council's new package aims to help preserve affordable housing units in Philadelphia

City Council voted to pass the People's Preservation Package, two bills designed to maintain affordable housing in Philadelphia. If signed by Mayor Jim Kenney, the bills would require affordable housing property owners to notify more parties of their intent to end contracts. It would also allow tenant organizations, the city and other affordable housing providers to make an offer on properties before public listing to keep the site low-cost. ....

United States , Jim Kenney , Councilmember Jamie Gauthier , University City Townhomes , City Council , Philadelphia Housing Authority , National Housing Preservation Database , Preservation Package , West Philadelphia , Mayor Jim Kenney ,