Tax Abatement

City Council gave final approval to a package of bills creating funds for affordable housing — but not without a protest.
Pat Loeb | KYW Newsradio
Pat Loeb
October 04, 2018 - 5:06 pm
PHILADELPHIA (KYW Newsradio) — City Council gave final approval Thursday to a package of bills creating funds for affordable housing — but not without a protest. Keeping housing affordable as the population grows and older homes deteriorate is a thorny problem that most big cities across the...
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Dreamstime
Pat Loeb
September 13, 2018 - 7:12 pm
PHILADELPHIA (KYW Newsradio) — Philadelphia will not impose a tax on new construction . City Council has withdrawn a bill it passed in June imposing the tax. But developers can't rest easy yet. The tax was intended to fund affordable housing. Mayor Jim Kenney opposed it but supported its aim so, in...
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City Hall Chief of Staff Jim Engler
Pat Loeb/KYW Newsradio
Pat Loeb
September 12, 2018 - 12:38 pm
PHILADELPHIA (KYW Newsradio) — City Council returns to work Thursday after a summer recess. Although City Council passed a bill imposing a 1 percent tax on new construction to pay for affordable housing back in June, they are still negotiating with Mayor Jim Kenney, who opposes it. He must make a...
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A lot on the list requesting Keystone Opportunity Zone status.
Pat Loeb/KYW Newsradio
Pat Loeb
July 16, 2018 - 8:19 pm
PHILADELPHIA (KYW Newsradio) — Anyone who's dined at Fette Sau, had a drink at Frankford Hall or danced at Johnny Brenda's understands why Forbes magazine named Fishtown "the hottest neighborhood in the country." So it seems an odd place for the city to request tax-exempt status for 62 properties...
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Dreamstime
Pat Loeb
June 06, 2018 - 8:59 pm
PHILADELPHIA (KYW Newsradio) — During the end-of-the-year rush, City Council's Finance Committee held nearly eight hours of hearings Wednesday on more than a dozen bills, during which it voted to advance a hotly debated affordable housing initiative. The committee narrowly approved a bill placing a...
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Dreamstime
Pat Loeb
June 06, 2018 - 11:48 am
PHILADELPHIA (KYW Newsradio) — In an end of the year rush, Philadelphia City Council's finance committee is holding hearings on a number of important bills Wednesday in hopes of getting them passed before the summer recess. The committee is considering a bill eliminating the school district portion...
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Reginald Ross
Pat Loeb-KYW Newsradio
Pat Loeb
May 24, 2018 - 6:23 pm
PHILADELPHIA (KYW Newsradio) — Philadelphia's 10-year real estate tax abatement is still delivering benefits that outweigh its costs, according to a report the city released Thursday. The study finds that the abatement helped the city recover from the recession, and consultant Reginald Ross says a...
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Tonya Bah, education chair for Neighborhood Networks, wants a full audit of the school budget.
Mike Dougherty | KYW Newsradio
Mike Dougherty
May 08, 2018 - 9:39 pm
PHILADELPHIA (KYW Newsradio) — A coalition of activists are demanding that big institutions in Philadelphia give their fair share for education in the city. Wealthy corporations like Independence Blue Cross and Comcast, as well as schools like Penn, Drexel and Temple, were called out by activists...
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Luxury Apartment
Pat Loeb
April 22, 2018 - 2:15 am
PHILADELPHIA (KYW Newsradio) -- Philadelphia's City Controller has released an analysis of the ten-year tax abatement program . It finds the benefits have been concentrated on a relatively small pool of properties in a limited geographic area. Controller Rebecca Rhynhart says just 6 percent of...
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