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Lawmakers on Wednesday took aim at Mayor Cherelle Parker’s ambitious housing proposal, asking pointed questions about the plan’s timing, how its programs are funded and the private sector’s role in rounding out what would be an unprecedented public investment.
The $2 billion proposal, called the Housing Opportunities Made Easy initiative, or H.O.M.E., is the mayor’s response to Philadelphia’s ongoing housing crisis. Formally launched in February, it calls on the city to borrow $800 million in bonds to fund dozens of programs largely aimed at achieving a singular goal: creating and preserving 30,000 units of housing…