Philadelphia City Council approved legislation crucial to Mayor Cherelle Parker’s signature housing proposal, a $2 billion strategy centered on creating and preserving 30,000 units during Parker’s time in office. The Housing Opportunities Made Easy, or H.O.M.E. initiative, is backed by an $800 million bond — dollars the administration hopes to pair with additional public funds and $1 billion worth of city land and assets. The funding, which is expected to start flowing in the fall, is in addition to the city’s $6.8 billion budget, which lawmakers also passed. Read more at PlanPhilly.
Source: PlanPhilly; 6/12/2025