Housing

Philly developer Chris Rahn shirked deal to build affordable homes as city officials stood by

The deal was simple: Property mogul Chris Rahn got to buy a bundle of 22 vacant, publicly owned lots on the cheap. In exchange, records show he was expected to build homes for the financially needy on eight of them. Five years on, most of those 22 lots — including one of the parcels where he’d agreed to build affordable housing — have been developed into apartments pulling in big rent checks. That’s because the officials who arranged the sale let him shirk his end of the bargain. | From: The Inquirer (Read more.)

Housing

Philly community groups win concessions from Bart Blatstein, Post Brothers

The recent boom in large projects has created some openings for community leaders to negotiate with developers. Meanwhile, some developers have taken advantage of the city’s voluntary inclusionary housing zoning bonus and contributed to the city’s Housing Trust Fund or built their own units, providing a public benefit in exchange for the right to build bigger structures than would be allowed under zoning code. | From: WHYY (Read more.)