Mayor Parker to Provide Update on her $2 billion H.O.M.E. Initiative

The City of Philadelphia held a meeting on April 14, 2026, where Mayor Parker provided an update on the $2 billion H.O.M.E. Initiative, a comprehensive housing plan aimed at creating and preserving 30,000 housing units to address affordability and stability in the city. The initiative includes programs such as the One Philly Mortgage Program to assist first-time homebuyers, especially city workers, and efforts to rehabilitate vacant properties and improve neighborhood infrastructure. Key city officials, community leaders, and council members highlighted the collaborative efforts and legislative support that enabled the plan's passage. The meeting emphasized the importance of efficient resource use, intergovernmental cooperation, and ongoing community engagement to implement the initiative successfully. The mayor also announced the signing of the legislation, marking the plan as law and signaling the start of its execution phase.