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Philadelphia delays vote on $2B housing plan over income rules, risking 2025 bond sales.
Philadelphia City Council has delayed a vote on Mayor Cherelle Parker’s $2 billion H.O.M.E.
housing initiative, stalling the city’s ability to issue $400 million in bonds this year.
Disagreements center on income eligibility, with council members pushing to prioritize the lowest-income residents—those earning up to 30% of the area median income—while the administration advocates broader eligibility to include working- and middle-class families.
The budget must pass a committee vote by Monday and a full council vote by next Thursday to proceed with bond sales this year; further delays would push the timeline into 2026.
Council members and housing advocates urge stronger protections for the most vulnerable, citing unmet needs and growing homelessness risks, while the mayor’s team emphasizes flexibility and broad-based support.
Filadelfia retrasa la votación sobre el plan de vivienda de 2 mil millones de dólares por las reglas de ingresos, arriesgando las ventas de bonos para 2025.