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Philadelphia City Council has given initial approval to legislation crucial to Mayor Cherelle Parker’s $2 billion housing proposal, a multifaceted strategy rooted in creating and preserving 30,000 units of housing amid an ongoing crisis.
The bill, passed Thursday, essentially authorizes the city to borrow $800 million in bonds under a service agreement with the Philadelphia Redevelopment Authority — dollars the administration hopes to pair with additional public funding and $1 billion in city land and assets .
Following hours of private negotiations, lawmakers also advanced four zoning bills dra