City of Somerville, Massachusetts - File #: 213160

• File #: 213160
• Version: 1
• Type: Resolution
• Status: Approved
• File created: 2/22/2022
• In control: City Council
• On agenda: 2/24/2022
• Final action: 4/14/2022
• Enactment date: 2/24/2022
• Enactment #: 213160
• Title: That the FY 2023 budget establish a $10M trust for the Somerville Community Land Trust, in order to provide and expand affordable, community-owned property and homeownership and rental units in perpetuity.
• Sponsors: Charlotte Kelly

Date	Ver.	Action By	Action	Result
4/14/2022	4	City Council	Work completed
3/30/2022	3	Finance	Work completed
2/24/2022	2	City Council	Approved

  Agenda Text

title

That the FY 2023 budget establish a $10M trust for the Somerville Community Land Trust, in order to provide and expand affordable, community-owned property and homeownership and rental units in perpetuity.

body

Official Text

That the FY-23 budget establish a $10 million dollar trust for the Somerville Community Land Trust, in order to provide and expand affordable, community-owned property and homeownership and rental units in perpetuity.