Philadelphia City Council passes two bills to provide increased assistance for struggling renters.

The Philadelphia City Council recently approved two significant legislative measures aimed at providing increased support for renters, fostering affordability and stability within the housing market. One bill enables tenants to pay a portion of their security deposit in installments, while the other establishes an anti-displacement fund that will assist renters forced to vacate unsafe homes.

The security deposit bill garnered substantial support, passing with a vote tally of 13-3. Conversely, the anti-displacement fund was unanimously approved, reflecting a broad consensus on the necessity of these measures. The successful passage of these bills was met with enthusiasm from renters and advocacy groups present in the Council chambers.

Introduced by Councilmember Rue Landau, the security deposit bill was designed to alleviate the substantial upfront costs often associated with moving, an obstacle for many households that can manage monthly rent but struggle to pay upfront fees. This measure requires landlords to allow tenants to pay a portion of their security deposit in installments if the deposit exceeds one month’s rent. Renters now have the option to distribute the remaining deposit costs over three months. It should be noted that current state legislation permits landlords to charge up to two months’ rent as a security deposit.

In a compromise made during discussions regarding the bill, Landau exempted landlords with one or two rental properties from the new installment requirements, a move celebrated by representatives of local rental property owners.

Moreover, renters seeking assistance with security deposits can also apply to the FreshStartPHL pilot program, which provides financial aid equivalent to three months’ rent along with up to ,000 for moving expenses.

Additionally, the Council, while advancing the anti-displacement fund, did not allocate specific financial resources for it within the upcoming city budget. This fund aims to support renters who need to relocate when city inspections deem their apartments unsafe. The initiative emerged from a legislative effort led by Councilmember Nicolas O’Rourke, in collaboration with various advocacy groups.

This multifaceted approach by the City Council reflects a commitment to addressing the pressing issues facing renters, including the rising cost of housing and inadequate living conditions. As the bills are set to take effect 90 days after being signed into law, they signify a step toward enhanced protections and support for Philadelphia’s tenants.