Suspend foreclosures for six months. If creditors know that the city is going to dick around with the instruments used to secure loans, they are just going to stop offering cheap credit to city residents. No doubt this kind of thing hurts poor people the most.
Politicians in the City of Philadelphia are nothing if not stupid.
Attorneys that spoke with Housing Wire said that they believe the actions of the City Council to be a blatant abuse and violation of existing state law.
Maybe Philly’s City Council needs to take a refresher course on the difference between City and State, since they apparently don’t think State laws apply to them.