PHILADELPHIA (KYW Newsradio) — The Philadelphia Housing Authority unveiled an eight-year, $6.8 million plan Monday to renovate its 13,000 rental units and acquire 7,000 new ones.
“The project that we are undertaking, we are calling the ‘ Opening Doors ’ initiative, which is to preserve and expand the supply of affordable housing across the city,” said PHA President and CEO Kelvin Jeremiah.
The project was quietly launched more than a year ago , he said, when PHA began acquiring property from private developers. He said PHA intends to acquire 4,000 units that way, but he added, “We are not interested in buying everything and anything.”…