Legislation Details

File #: 26-0298    Version: 1
Type: Mayor's Request Status: Approved
File created: 2/27/2026 In control: City Council
On agenda: 3/12/2026 Final action: 4/1/2026
Enactment date: 3/26/2026 Enactment #: 220315
Title: Requesting the appropriation of $1,167,395 from the Community Preservation Act 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 -
Attachments: 1. CPC Final Funding Rec AHT supplemental distribution FY26, 2. Fall Financial Report FY26

Agenda Summary

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Requesting the appropriation of $1,167,395 from the Community Preservation Act Fund Community Housing Reserve to the Affordable Housing Trust.

 

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Official Text

To the Honorable City Council:

 

The Mayor respectfully requests that this Council appropriate $1,167,395 from the Community Preservation Act Fund Community Housing Reserve to the Somerville Affordable Housing Trust. The appropriation will be allocated to the Affordable Housing CPA category.

 

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,

Jake Wilson, Mayor