Expanding Housing Opportunities & Revitalizing Neighborhoods

Posted by Philadelphia Housing Trust Fund on June 8, 2015

Expanding Housing Opportunities & Revitalizing Neighborhoods

Philadelphia Housing Trust Fund Annual Report

Each year the Philadelphia Housing Trust Fund (HTF) provides critical funding to transform communities across the city. The Housing Trust Fund is an instrumental
financial resource for the development of much-needed new affordable housing opportunities, for preservation of existing housing, and for homelessness prevention. The HTF strengthens local housing markets, eliminates blight, and serves vulnerable populations, including seniors, the homeless, veterans, and those with special needs. HTF investments also support green developments, which not only promote neighborhood sustainability, but offer cost savings for residents.

In the City’s Fiscal Year 2014, HTF investments provided critical housing assistance to 6,576 low- and moderate-income households. Since its creation in 2005, the Housing Trust Fund has supported more than 20,000 households through the production of 1,464 new homes, major repairs to 2,135 homes, improved accessibility for 1,293 households that include a person with a disability, repair of 9,293 heaters, homelessness prevention for 2,548 households, and utility assistance for 4,170 Philadelphia families.
Whether it is building or preserving homes, preventing homelessness, or increasing
mobility, the HTF is a key funding source for Philadelphia’s families in need

Deborah McColloch
Director
Office of Housing & Community Development
Chair
Philadelphia Housing Trust Fund Oversight Board

http://www.phila.gov/ohcd/reports/HTF%20Report%202014%20for%20web.pdf