City of Somerville, Massachusetts - File #: 24-0053

• File #: 24-0053
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 1/9/2024
• In control: City Council
• On agenda: 1/25/2024
• Final action: 2/15/2024
• Enactment date: 2/8/2024
• Enactment #: 216586
• Title: Requesting the appropriation of $1,405,962 from the Community Preservation Act (CPA) Fund Community Housing Reserve to the Affordable Housing Trust.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, SPCD-Community Preservation
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
2/15/2024	1	City Council	Mayoral Approval
2/8/2024	1	City Council	Approved	Pass
2/6/2024	1	Finance Committee	Recommended to be approved	Pass
1/25/2024	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $1,405,962 from the Community Preservation Act (CPA) Fund Community Housing Reserve to the Affordable Housing Trust.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $1,405,962 from the Community Preservation Act Fund Community Housing Reserve to the Somerville Affordable Housing Trust. The appropriation will be allocated to the Housing Trust CPA Fund (Org #37024).

Details of this request are available in the attached funding recommendation from the Community Preservation Committee.

Appropriate staff will be available to address any questions you may have. Thank you for your consideration of this item.

Respectfully Submitted,

Katjana Ballantyne, Mayor