Philadelphia Mayor Cherelle Parker has signed an executive order aimed at spurring residential development, the first tangible piece of a broader effort to increase the city’s housing supply amid an ongoing crisis. Under the order, the administration will convene an advisory group to “review existing processes and policies and provide recommendations for reform.” Those recommendations will help shape Parker’s housing plan, a roadmap that will be rooted in her promise to create and preserve 30,000 units of housing during her first term. Parker wants to make it easier for real estate developers to build new housing, incentivize housing revitalization projects, prevent housing instability and improve access to mortgage loans, among other goals. The advisory group will be composed of internal and external stakeholders, including affordable housing providers, private and nonprofit real estate developers, and real estate industry groups.
Source: PlanPhilly; 2/19/2025