In 2003, a coalition of over 110 organizations in Philadelphia saw the need to address the city's affordable housing crisis and proposed establishing a Housing Trust Fund. The coalition made the case for the fund by presenting data on the number of cost-burdened households and lack of affordable units. In 2005, state legislation was passed allowing Philadelphia to collect fees to capitalize a fund. The city ordinance established the fund's guidelines. Since 2006, the Philadelphia Housing Trust Fund has committed over $45 million to expand affordable housing and leverage over $234 million, helping over 8,000 low-income households.

1. Presented at National Alliance to End Homelessness 2011 National Conference on Ending Homelessness July 15, 2011 Philadelphia Housing Trust Fund

4. Make the Case with the Facts As Philadelphia’s federal entitlement funding has contracted, amount of money the City has been able to invest in housing production has fallen by more than 60%.

13. Monthly Deed and Mortgage Recording Fee Revenue FY06-FY11 July 05 September November January 06 March May July 06 September November January 07 March May July 07 September November January 08 March May July 08 September November January 09 March May July 09 September November January 10 March May July 10 September November January 11 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0

14. Comparison: FY 2006 and FY 2011 Philadelphia HTF Program/Activity FY 2006 Budget FY 2011 Budget Neighborhood-Based Homeownership Production 1,000,000 0 Homeownership New Construction Program 1,500,000 0 Neighborhood-Based Rental Production 3,500,000 3,187,000 Basic Systems Repair Program 1,247,000 700,000 Targeted Housing Preservation Program 1,465,000 200,000 Homeownership Rehabilitation Program 354,000 0 Adaptive Modifications Program 220,000 1,504,000 Rental Assistance 661,000 0 Homelessness Prevention Programs 489,000 784,000 City Administration 1,725,000 1,125,000 Total 12,161,000 7,500,000