Philadelphia Decoded

Accessible, User - Friendly Law for All People

§ 7-109 Initial Sale to Eligible Households.

(1) Every affordable dwelling unit required under this Chapter shall be sold or rented only to eligible households, for the buyer or renters primary residence. One-half of such sales or rentals shall be to families (or households headed by Life Partners) with incomes at or below 80% of AMI and the median income of such families shall be 40% of AMI; and one-half of such sales or rentals shall be to families with incomes at or below 125% of AMI and the median income of such families shall be equal to AMI. 4 Amended, Bill No. 130224 (approved May 8, 2013).4

(2) An applicant shall not sell or rent any affordable dwelling unit without first obtaining from the buyer or renter a verification of eligibility issued by the Director.

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