Mayor Cherelle Parker’s administration will soon issue $400 million in bonds to fund the first phase of the Housing Opportunities Made Easy (HOME) initiative, a multifaceted plan centered on building and repairing 30,000 homes in Philadelphia. The milestone comes more than a year after Parker formally launched the effort in response to the city’s housing crisis, marking a moment advocates hope will usher in meaningful change for thousands of cost-burdened residents. “The HOME bond funds coming in means that the rocket fuel is here and we can take off,” said Angela Brooks, the city’s chief housing and urban development officer. Read more about what the initiative will mean for homeowners and renters in PlanPhilly.
Source: PlanPhilly; 3/26/2026