Economic Opportunity

Philadelphia has long held the ignoble title of the nation's poorest big city. While that title has since been assumed by Houston, Philly's poverty rate is still stubbornly high--just under 20%. Mayor Cherelle Parker campaigned on increasing economic opportunity in the city, and her actions so far have focused on primarily on housing and jobs. This includes her $2 billion Housing Opportunities Made Easy, or H.O.M.E., initiative, as well as efforts to make running a business in the city easier.

Initiatives

Buildings, including a food store and a new apartment property, on the 3300 Block of Fairmont Ave in Philadelphia

Housing Opportunities Made Easy (H.O.M.E.)

An aerial view from a rooftop on Magee Avenue in the Cheltenham neighborhood of Philadelphia, Pennsylvania, United States February 22, 2025

Progress Updates

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Philadelphia City Council approves Mayor Parker’s signature housing proposal

(WHYY) Mayor Cherelle Parker’s administration has officially notched its first major policy victory.

After two budget hearings and hours of private negotiations, City Council on Thursday approved legislation crucial to the mayor’s signature housing proposal, a $2 billion strategy centered on creating and preserving 30,000 units during Parker’s time in office.

The Housing Opportunities Made Easy, or H.O.M.E. initiative, is backed by an $800 million bond — dollars the administration hopes to pair with additional public funds and $1 billion worth of city land and assets.

Relevant Neighborhood
City-Wide

Mayoral priorities include expanding access to housing and jobs 

In her 2024 inaugural address, Mayor Cherelle Parker pledged to: 

  • Create and preserve affordable housing
  • Streamline the city's Land Bank process
  • Remove red tape with "PHL Open for Business" initiative
  • Remove college degree requirements for many city jobs

Key offices and efforts

  • H.O.M.E Housing Plan, which the administration said would produce and preserve 30,000 housing units for Philadelphians across levels of affordability.
  • PHL Open for Business, an effort to reduce cost and complexity for business owners navigating city government

Key quotes

  • “Beyond public safety, there is no more pressing issue for Philadelphia than access to housing,” said Mayor Cherelle L. Parker. “We are ready now [to move forward] as One Philly, A United City!” (City Council address, Mar 2025)

  • "I made it clear before I took the oath of office that all Philadelphians must have access to the path of self sufficiency that includes access to 21st century, world-class education; affordable, luxury housing; and the opportunity to do business in Philadelphia." (State of the City, Dec 2024)

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Explore Other Issues Areas

Philadelphia Skyline with Greenery in Foreground From Drexel Park

Clean & Green

Philadelphia, Pennsylvania, USA downtown skyline from the Benjamin Franklin Bridge.

Public Safety

Philadelphia, Pennsylvania, USA downtown city skyline at dusk.

Solutions Progress Report

The Solutions Progress Report tracks updates on the key issues and initiatives of Philadelphia Mayor Cherelle Parker's administration.