It’s why former City Councilmember Helen Gym said she’d look to improve the Philadelphia Land Bank, a quasi-governmental clearinghouse charged with putting vacant city land into functional use. The agency currently has about 5,300 vacant lots to its name.
Gym said she would start by making the Land Bank more transparent and accountable.
“Sometimes when things are hidden away, nobody really changes their behavior. When they become public to everybody, everybody holds each one of us accountable,” Gym told the crowd at Broad Street Ministry.
Candidates also talked about the need for Philadelphia to help homeowners repair their properties so they aren’t displaced because they couldn’t afford to make needed fixes.
They were also asked how they would preserve the city’s supply of federally assisted units, many of which could disappear over the next decade if property owners choose not to renew their affordability contracts. The issue has made headlines over the last two years after the owners of the University City Townhomes decided not to renew their contract with HUD after nearly 40 years.
At least 1,700 federally assisted units in Philadelphia are tied to affordability restrictions that could expire and vanish in the next few years, and 3,400 over the next decade.
Former City Councilmember Allan Domb, who helmed a real estate empire before running for office, said the city needs to incentivize these landlords so that they maintain their units as affordable and don’t turn them into market-rate apartments after their contracts expire.
“Whether that’s through some sort of a payment from the city to extend the contract or a technique called a buy-down of the loan if their loan is coming due where you buy the interest rate down,” said Domb.
None of the candidates said they would look to bring back rent control, though Gym said that forms of rent stabilization “have to be on the table.” Most of the candidates did say they want to create a new rent subsidy program that would exist in addition to the housing choice voucher program facilitated by the Philadelphia Housing Authority.