But as we've seen the affordability crisis go up and salaries and income not remain in tandem with interest rates, and quite frankly, access to the opportunity to borrow this program becomes essential. How does it actually work? Picture this. Council President, The City of Philadelphia decides that it's going to use city owned land. Can you believe this land that the City of Philadelphia has? And it is vacant. So we then work with members of the private sector sector in the development community. (00:40–00:45)
CLAIM
Asserts that Philadelphia plans to use city-owned land for development.
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