City Council President Darrell L. Clarke is considering greatly expanding requirements that developers include affordable housing in new construction projects — but with income targets that wouldn’t solely aid low-income Philadelphians.
Under the proposed guidelines, all new projects with 10 or more units would be required to price 20% of those dwellings below market rate sale prices or asking rents.The legislation defines affordable housing for rental units as rents no more than 30% of residents’ monthly income, Those figures mean a one-bedroom apartment priced at about $1,500 a month would qualify as affordable housing.The legislation comes less than a year after passage of a similar bill, backed by Council members Jamie Gauthier and Maria Quiñones-Sánchez, whichprovisions for new projects proposed in portions of their West and North Philadelphia districts.
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