Mayor Cherelle L. Parker has announced a $2 billion plan to address Philadelphia's housing issues. The Housing Opportunities Made Easy Plan aims to create and preserve 30,000 housing units. The funding will come from public and private sources, including nearly $1 billion in bonds over five years, along with state and federal funds, city land, and assets. A "historic and unprecedented" $800 million will be raised through bonds. The plan includes building 13,500 new homes and preserving 16,500 existing ones to meet the city's housing needs, as reported by the City of Philadelphia.

The Housing Opportunities Made Easy Plan is calling for involvement from labor, philanthropic, and private sectors. Mayor Parker’s address to the City Council emphasized the need for an "all-hands-on-deck" approach to address housing issues and start building stable housing. Parker's commitment to housing issues comes from her personal experiences with homeownership and predatory lending. She has previously advocated for mortgage foreclosure protections and against appraisal bias, as stated by the City of Philadelphia.

According to the City of Philadelphia, the city is advancing plans to expand housing, including initiatives like Turn the Key, which helps working families become first-time homeowners, and the Basic Systems Repair Program, which will be expanded with broader eligibility. Mayor Parker's plan also proposes changes to Councilmanic prerogative to simplify the process of selling city-owned land for housing development. While the funding and program details are still being finalized, the goal is to improve the city's housing landscape. Parker emphasized this vision with the statement, "One Philly!!! A United City!!!"