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Published Philadelphia, United StatesUpdated

HUD chief showcases how private-public partnerships uplift economically neglected areas in Philly tour

  • Housing and Urban Development Secretary Scott Turner highlighted that the last five years saw $84 billion in private investment, lifting one million people off the poverty rolls.
  • Turner toured revitalized areas in Philadelphia, showcasing the impact of public-private partnerships on economically distressed neighborhoods.
  • The Opportunity Zones initiative, created under the first Trump administration, incentivizes investment in economically distressed areas through federal tax benefits.
  • Turner emphasized that public-private partnerships are crucial for addressing issues like homelessness and reaffirmed that HUD's priority is supporting American citizens in housing.
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The Current broke the news in on Saturday, March 29, 2025.
Sources are mostly out of United States (2)
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