Philadelphia Considers Mandate for Affordable Units – NMP Skip to main content

Philadelphia Considers Mandate for Affordable Units

Jun 26, 2017
The Philadelphia City Council is considering a bill that would mandate the inclusion of affordable housing units in all new residential developments

The Philadelphia City Council is considering a bill that would mandate the inclusion of affordable housing units in all new residential developments.
 
According to a Philadelphia Inquirer report, the city introduced a zoning incentive in 2012 to encourage developers to incorporate reduced-price units in their development. To date, only 15 affordable apartments were created. With the new bill, 10 percent of all units in developments with more than nine units must be below-market-rate.
 
The bill also rewrites the zoning code to allow developers to construct taller and denser structures in order to accommodate the new affordable units. This is the second time that the City Council considered such legislation—a similar bill introduced in 2007 failed after complaints from developers that this type of mandate would negatively impact their businesses.

 
About the author
Published
Jun 26, 2017
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Jun 24, 2026
Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Jun 18, 2026
Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Jun 18, 2026
Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Jun 17, 2026
Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026