Philadelphia Housing Trust Fund

Expanding Housing Opportunities & Revitalizing Neighborhoods

HTF History

In 2003, community leaders, advocates, residents, and a host of other community stakeholders recognized that Philadelphia faced a critical juncture with its affordable housing crisis and ability to foster sustainable neighborhood revitalization. The City, like communities across the country, saw its supply of federal housing and community development funds shrinking drastically. Moreover, while the City was fighting blight and preparing land for redevelopment through its Neighborhood Transformation Initiative, it wasn’t investing significant amounts of its own resources in expanding affordable housing opportunities. Clearly Philadelphia was losing ground in the battle to meet the housing needs of its residents and to foster equitable neighborhood revitalization.

Led by the Philadelphia Association of Community Development Corporations (PACDC), a coalition of more than 110 community development groups, bankers, advocates, and other organizations decided to take the challenge head on to move Philadelphia forward. Following a two-year campaign by the Housing Trust Fund Coalition, and with support from the Street Administration, City Council, and State legislators, the Philadelphia Housing Trust Fund was authorized in the summer of 2005.

Below are links to two key documents supporters utilized to build support for creation of the Housing Trust Fund:

White Paper on Creation of the Philadelphia HTF
Economic Impact Analysis of the Philadelphia HTF

See also News section for editorials and other news coverage on Philadelphia Housing Trust Fund creation and expansion.


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