City of Somerville, Massachusetts - File #: 24-0835

• File #: 24-0835
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 5/26/2024
• In control: City Council
• On agenda: 5/30/2024
• Final action: 6/25/2024
• Enactment date: 6/20/2024
• Enactment #: 217294
• Title: Requesting the appropriation of $2,000,000 from the Unreserved Fund Balance ("Free Cash") to the Affordable Housing Trust Fund to support flexible rental assistance programs.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury, SPCD-Housing
• Code sections: Appropriation/Budget -

Date	Ver.	Action By	Action	Result
6/25/2024	1	City Council	Mayoral Approval
6/20/2024	1	City Council	Approved	Pass
6/18/2024	1	Finance Committee	Recommended to be discharged with no recommendation
5/30/2024	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the appropriation of $2,000,000 from the Unreserved Fund Balance ("Free Cash") to the Affordable Housing Trust Fund to support flexible rental assistance programs.

body

Official Text

To the Honorable City Council:

The Mayor respectfully requests that this Council appropriate $2,000,000 from the Unreserved Fund Balance ("Free Cash") to the Affordable Housing Trust Fund  for support of Flexible Rental Assistance Programs.

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