House Bill 581, sponsored by Rep. Jared Solomon, D-Philadelphia, became Act 58 when Gov. Tom Wolf signed it into law on Monday. It allows taxing authorities more options to pass tax abatements or incentives to build or fix up affordable housing. The bill found support in urban areas facing rising rent prices as well as rural areas where there are struggles to repair blighted properties.

“The way this bill got done could be a model for how council and state can work together,” Solomon said. “The interesting twist with this bill is that people in Philadelphia will see, will feel the everyday impact. They will see a new affordable housing unit being constructed in neighborhoods where they have not been.”

Read and Review House Bill 581

Source: The Center Square