City of Somerville header
File #: 22-1798    Version: 1
Type: Resolution Status: Approved
File created: 10/20/2022 In control: City Council
On agenda: 10/25/2022 Final action: 1/26/2023
Enactment date: 10/25/2022 Enactment #: 214453
Title: That the Administration update this Council on efforts to use District Improvement Financing to capture new tax growth, specifically for new affordable housing.
Sponsors: Ben Ewen-Campen, Willie Burnley Jr., Jesse Clingan, Lance L. Davis, Beatriz Gomez Mouakad , Charlotte Kelly, Matthew McLaughlin, Judy Pineda Neufeld, Jefferson Thomas (J.T.) Scott, Kristen Strezo, Jake Wilson
Indexes: Mayors Office

Agenda Summary

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That the Administration update this Council on efforts to use District Improvement Financing to capture new tax growth, specifically for new affordable housing.

 

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Official Text

That the Administration update this Council on efforts to use District Improvement Financing (DIF) to capture new tax growth specifically for new affordable housing.