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Philly is offering loans for landlords to repair properties and maintain the city’s affordable housing

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Philly landlords with 15 or fewer rental units can get forgivable and 0% interest loans to repair their properties if they cap rent increases through a new $9 million program.

, the city’s largest association of rental property owners, which represents many small landlords, said his group has been pushing for something like the Rental Improvement Fund for years.

At Wednesday’s news conference, City Councilmember Jamie Gauthier agreed that the city needs to invest in small landlords “that are providing housing to low-income and working-class neighbors.”What are the loan terms, and what repairs are covered?

 

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