Agenda Text
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That the FY 2023 budget establish funding for a Somerville Rental Relief Fund for tenants who are at or below 80% of the Area Median Income.
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Official Text
That the FY-23 budget establish funding for a Somerville Rental Relief Fund that provides first, last, security deposit, and relocation funds to Somerville tenants who are at or below 80% AMI, facing unaffordable rent increases (at or above 10% increases), have received a no-fault eviction, or are otherwise within neighborhoods and zones facing high risks of displacement due to market forces such as building sale and development, in order to ensure that people who live in Somerville can stay in Somerville.