City of Somerville header
File #: 211466    Version: 1
Type: Mayor's Request Status: Approved
File created: 3/22/2021 In control: City Council
On agenda: 3/25/2021 Final action: 5/27/2021
Enactment date: 3/25/2021 Enactment #: 211466
Title: 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.
Code sections: Appropriation/Budget -
Attachments: 1. City Council FY21 CPA Budget Adjustment_11 18 20

  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