June 6th, 2018 | The Philadelphia Inquirer
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.
“We think this is going to give a significant boost to our entire city, not just Center City, where the market is going through the roof,” Council President Darrell L. Clarke said. “I think it’s an awesome program. It’s Philly-first. While we’re excited about new people in the city, at some point we have to address the needs of people who are here.”