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Pennsylvania House of Representatives
04/19/2024 06:58 PM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20170&cosponId=23072
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House Co-Sponsorship Memoranda

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House of Representatives
Session of 2017 - 2018 Regular Session

MEMORANDUM

Posted: February 27, 2017 12:14 PM
From: Representative Anita Astorino Kulik
To: All House members
Subject: Blight Demolition Bond Issuance Program
 
In the near future, I will introduce legislation to create a dedicated funding source for the demolition of blighted properties, which create significant burdens to municipalities and communities throughout the Commonwealth.

This bill authorize a bond issuance of $500,000,000 through the Commonwealth Financing Authority to create the Blight Demolition Bond Issuance Program establishing a funding source for blight demolition. Municipalities would be able to apply for grants, to be awarded on a competitive basis, to be used for the expressed purpose of blight demolition. This legislation also places limitations on the amount of money a single municipality would be able to obtain through the program.

The benefits that would be available to municipalities through this program are many, including reducing blighted properties that are now eye-sores, increasing public safety, and increasing property values.

Please join me in co-sponsoring this important legislation.


Introduced as HB1121