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Results Found: 4
Tuesday, April 11, 2017
Tax Abatement Huge Shot in Arm for City, Study Finds Not only has it increased the amount of money flowing into city coffers, it has given a boost to the production of workforce housing. Consider the 10-year property tax abatements on new construction and rehabilitation a down payment on a future gusher in revenue for the city thanks to the huge jump in construction activity it has triggered, ...read more
Categories: Economic, Papers/Research, General News Article
Monday, March 27, 2017
When Philadelphia’s City Council ushered in sweeping property-tax relief in the late 1990s, politicians, developers, and many residents saw the move as much-needed relief for a city in decline, one that had been losing population, jobs, and homeowners for years. Now, with the abatement in its 17th year, the Building Industry Association of Philadelphia has released a report touting its ...read more
Categories: Economic, Papers/Research
Tuesday, March 21, 2017
Since Philadelphia launched the 10-year tax abatement in 2000, many years of hard data are now available to assess its impact. Late last year, BIA commissioned economist Kevin Gillen to research the size, location, distribution and other outcomes of the tax abatement program. BIA’s new report, based on that research, clearly demonstrates that the tax abatement program is significantly ...read more
Categories: Economic, General News Article, Papers/Research
Friday, March 03, 2017
Region’s Housing Market Continues to Show Signs of Moderation in Q4 But, Philadelphia County continues to outperform both its suburbs and other U.S. cities. March 3, 2017 : After moving in different directions for several periods, the house price indices for both the City of Philadelphia and Suburban Philadelphia declined by 0.8% in Q4 of 2016. This implies that the typical home in both ...read more
Categories: Economic, General News Article