The Philadelphia City Council approved a $800 million loan that will kick off the city’s Housing Opportunities Made Easy initiative, a plan to create or preserve 30,000 housing units, reports Aaron Moselle in WHYY.
The program includes increased funding affordable housing preservation and production as well as a home repair program and eviction prevention assistance. “Under the legislation, 90% of funding for the Basic Systems Repair Program and the Adaptive Modifications Program will go to households earning up to 60% of area median income, or about $71,640 annually for a family of four.”…