The Philadelphia City Council has authorized the Philadelphia Land Bank to dispose of properties located at 3914, 3917, 3927, 3935, 3936, 3937, 3938, 3940, 3946, and 3948 Folsom Street. These properties are being transferred in accordance with Chapter 16-700 of The Philadelphia Code to facilitate the development of homeownership housing as part of the Neighborhood Preservation Initiative's Turn the Key program.
This resolution is significant as it supports the development of affordable homeownership opportunities in Philadelphia's 3rd Councilmanic District, promoting neighborhood stabilization and revitalization.