The City Council of Philadelphia passed a resolution authorizing the Philadelphia Land Bank to dispose of the properties located at 1520-40 Venango Street & 1600-20 Venango Street, located in the 8th Councilmanic District. The properties will be eligible for the Neighborhood Preservation Initiative’s Turn the Key program, aimed at affordable housing development. This decision aligns with Chapter 16-700 of The Philadelphia Code and Act 153 of 2012.
This decision contributes to the city's affordable housing efforts by making the properties eligible for the Turn the Key program under the Neighborhood Preservation Initiative. It supports the goal of providing affordable housing options within the city.