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Council committee backs amended HOME bond ordinance after hours of testimony
Summary
The Committee on Fiscal Stability reported bill 251065 with a favorable recommendation after testimony from the Parker administration, council members and dozens of residents about who should qualify for HOME repair programs. The vote follows competing proposals over AMI eligibility and a request from the administration to limit council's authority on income caps.
Council's Committee on Fiscal Stability and Intergovernmental Cooperation on Wednesday reported bill 251065 — an amendment to the HOME bond ordinance — with a favorable recommendation after several hours of testimony and public comment.
The bill would authorize the Philadelphia Redevelopment Authority to issue bonds and approve a service agreement to finance the Housing Opportunities Made Easy (HOME) plan. The plan is part of what council members and administration witnesses described as an $800 million multi‑year investment to build, restore and preserve housing across the city; the administration expects to issue the first $400 million in bonds once the ordinance and corresponding budget resolution are aligned.
Jamie Gauthier, a councilmember and housing committee member, opened debate by saying, "There's a lot of misinformation being spread about city council's amendments to HOME," and he defended council's change to reserve the bulk of first‑year repair funds for households at or below 60% of area median income (AMI) while…
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