REFinBlog

Editor: David Reiss
Brooklyn Law School

October 17, 2017

Tuesday’s Regulatory & Legislative Roundup

By Jamila Moore

  • In a unique display of camaraderie, Philadelphia’s Housing Authority reopened a school  closed by the Philadelphia School District. The city agency bought the school outright. After purchasing the school, the city’s housing agency engaged a renowned non-profit education operator to manage the day-to-day function of the school. However, before the agency engaged the non-profit organization, it refurbished the school which will soon be home to ninth graders. This educational rebirth is part of their Neighborhood Transformation Plan geared towards assisting families in public housing with skills necessary for them to increase their income and reduce homelessness.
  • Philadelphia is relentlessly working to turn their housing conditions around. Philadelphia’s Council Member, Cherelle Parker, introduced a bill which intends to release $40 million for housing repair loans. These loans would be solely for homeowners and landlords with the goal of preserving the city’s affordable housing stock. If passed, homeowners and small landlords “earning up to 120 percent of the area median income…” ,may take advantage of this loan. Further, Parkers goal is to support the city’s goal in creating and preserving the city’s affordable housing inventory.
| Permalink