This bill amends a previous ordinance to continue a housing plan that helps with affordable housing, home repairs, and neighborhood improvements. The plan is financed by the Philadelphia Redevelopment Authority, which will issue bonds to pay for these programs. The city will pay back the costs of the plan through a service agreement.

Amending Bill No. 250568 (approved June 13, 2025), entitled "An Ordinance Authorizing and approving the execution and delivery of a Service Agreement between The City of Philadelphia and the Philadelphia Redevelopment Authority relating to the financing of a Housing Opportunities Made Easy (H.O.M.E.) Plan which includes housing production and preservation, home affordability, home owner and renter assistance, related contractor training and support, blight and vacant property reduction, urban beautification, neighborhood infrastructure, and other related programs; approving the issuance by the Authority of bonds, notes or other evidences of indebtedness (including reimbursement obligations related to lines or letters of credit) in one or more series to finance or refinance such plan and authorizing and approving the obligation of The City of Philadelphia to pay in full when due the Service Fee and other amounts payable under the Service Agreement; authorizing certain City officers to t...