Daily News | Philly City Council is considering new requirement for affordable housing
In the midst of an otherwise sleepy autumn City Council session, Council President Darrell Clarke has introduced a bill that would require developers building multifamily housing around North Broad Street to provide units for lower-income residents in their projects.
Laws that require developers of new construction to provide housing affordable for people with low to moderate income are referred to as “inclusionary zoning.”, mostly in areas with super-hot real estate markets such as New York and San Francisco. The bill would also allow for the developer to build units for higher-income residents if they offered for-sale units instead of rentals. The exact rental restrictions would evolve over time to keep up with inflation.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philly frustration: Philadelphia first city to lose 2 major sports titles on same dayThe Phillies lost the World Series and the Philadelphia Union lost the MLS Cup on Saturday.
Read more »
L.A. Westside City Council District 11 race guide: Traci Park vs. Erin DarlingHomelessness is the dominant issue in the City Council district serving Venice and other coastal areas.
Read more »
2022 Midterm Elections: Austin City Council racesFive districts are electing a council person to the Austin City Council in the 2022 midterm elections.
Read more »