The Philadelphia Inquirer: “Tax on new construction advances despite Kenney concerns, scorching criticism from building trades"

Wednesday, June 6, 2018

The Philadelphia Inquirer

By Julia Terruso

A tax on new construction to fund affordable housing moved one step closer to passage Wednesday despite pressure from the city’s building trades to abandon the plan, concerns from the Kenney administration about its effect on businesses, and criticism from housing advocates who said the levy could end up benefiting wealthier Philadelphians.

The 1 percent tax, which would be placed on most new construction, could raise up to $19 million a year for affordable housing at a time when the city is experiencing a dire shortage, proponents of the bill said.

Read the Full Article »

The American Assembly
475 Riverside Drive, Suite 456 New York, NY 10115
212-870-3500 - americanassembly@columbia.edu