Mayor Cherelle L. Parker Delivers Historic Address to City Council to Announce Unprecedented New Housing Plan

Mayor Cherelle L. Parker has taken a significant step to address Philadelphia's housing challenges by announcing the H. O. M. E.

Housing Plan during a special City Council session. This ambitious plan proposes a transformative $2 billion investment to create and preserve 30,000 housing units, responding to the urgent need for affordable housing in the city. Key elements of the plan include nearly $1 billion in public funding, with $800 million in bonds slated for immediate issuance. Notable initiatives include the ONE Philly Mortgage, aimed at reducing barriers to homeownership, and a Home Service Clearinghouse to protect residents from unscrupulous contractors. Additionally, the plan incorporates a streamlined approach to utilizing publicly owned vacant land more effectively.

Mayor Parker emphasized the importance of community involvement, stating, “This is an all-hands-on-deck moment for Philadelphia. ” The administration plans to incorporate feedback from various stakeholders to refine the proposal further. For more information on Philadelphia's housing initiatives, residents are encouraged to visit the city's official website.