Three new housing policies by state and city officials aim to preserve and grow the amount of housing that residents can afford.
Included in the Pennsylvania budget is $125 million for home repairs and weatherization intended to preserve the state’s aging housing stock. Legislation that Gov. Tom Wolf signed Monday gives local governments the ability to offer property tax abatements to developers whose projects include below-market-rate units.
And Philadelphia officials on Tuesday announced improvements to the city’s Restore, Repair, Renew loan program to help more homeowners with more expensive repair projects.
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