City of Somerville header
File #: 213031    Version: 1
Type: Resolution Status: Approved
File created: 2/7/2022 In control: City Council
On agenda: 2/10/2022 Final action: 4/14/2022
Enactment date: 2/10/2022 Enactment #: 213031
Title: That the FY 2023 Budget establish and fund an affordable housing acquisition fund for development opportunities.
Sponsors: Ben Ewen-Campen, Charlotte Kelly, Willie BurnleyJr.

  Agenda Text

title

That the FY 2023 Budget establish and fund an affordable housing acquisition fund for development opportunities.

 

body

Official Text

That the FY-23 Budget establish and fund an affordable housing "acquisition fund" similar to the 100 Homes program, but for development opportunities, to allow for more rapid acquisitions of land for affordable housing developments.