Amending Section 14-533 of The Philadelphia Code ("/MIN, Mixed Income Neighborhoods Overlay District") to exempt from certain requirements of that Section residential development under programs designed to create affordable homeownership, which programs mandate deed restrictions and agreements establishing ongoing affordability requirements, all under certain terms and conditions.

Amending Section 14-533 of The Philadelphia Code (“/MIN, Mixed Income Neighborhoods Overlay District”) to exempt from certain requirements of that Section residential development under programs designed to create affordable homeownership, which programs mandate deed restrictions and agreements establishing ongoing affordability requirements, all under certain terms and conditions. THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS : SECTION 1. Section 14-533 of The Philadelphia Code is hereby amended as follows: TITLE 14. ZONING AND PLANNING * * * CHAPTER 14-500. OVERLAY ZONING DISTRICTS * * * § 14-533. /MIN, Mixed Income Neighborhoods Overlay District. * * * (3) Use Regulations. The following standards shall apply in addition to those of the applicable base zoning district: * * * (a) At least fifteen percent (15%) of all dwelling units (rounded up, if fractional) shall be provided and maintained as affordable on the same site as all other dwelling units. (b) Including dwelling units provided pursuant to subsection (a), above, a minimum of twenty percent (20%) of all dwelling units and twenty percent (20%) of all sleeping units (rounded up, if fractional) shall be provided and maintained as affordable on the same site as all other dwelling units, except as follows: * * * (d) Any development that meets [either] any of the following conditions will not be required to meet the requirements of subsections (a) and (b), above: (.1) The applicant demonstrates to the satisfaction…