Agenda Text
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Requesting the appropriation of $1,005,971.23 from the CPA Community Housing Reserve Fund to the Somerville Affordable Housing Trust Fund for the FY21 Community Housing Allocation.
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Official Text
To the Honorable City Council:
Per the Community Preservation Committee’s recommendation, I respectfully request that your Honorable City Council appropriate $1,005,971.23 from the Community Preservation Act Fund Community Housing Reserve to the Somerville Affordable Housing Trust Fund for the FY21 Community Housing Allocation. The appropriation will be allocated to the Community Housing CPA category. Details of this request are available in the attached presentation from the CPC meeting held on November 18, 2020.
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Joseph A. Curtatone, Mayor