City of Somerville, Massachusetts - File #: 26-1015

• File #: 26-1015
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 6/8/2026
• In control: City Council
• On agenda: 6/11/2026
• Final action: 6/29/2026
• Enactment date: 6/25/2026
• Enactment #: 220957
• Title: Requesting approval to appropriate and transfer $1,000,000 from the Community Benefits Stabilization Fund to the Housing Assistance Stabilization Fund for housing assistance.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, SPCD-Housing
• Code sections: Appropriation/Budget - , Stabilization Fund -

Date	Ver.	Action By	Action	Result
6/29/2026	1	City Council	Mayoral Approval
6/25/2026	1	City Council	Approved	Pass
6/23/2026	1	Finance Committee	Recommended to be discharged with no recommendation	Pass
6/11/2026	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting approval to appropriate and transfer $1,000,000 from the Community Benefits Stabilization Fund to the Housing Assistance Stabilization Fund for housing assistance.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate and transfer  $1,000,000 from the Community Benefits Stabilization Fund (Fund 7155) to the Housing Assistance Stabilization Fund (Fund 7156) for housing assistance purposes.

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

Respectfully Submitted,

Jake Wilson, Mayor