City of Somerville header
File #: 205343    Version: 1
Type: Order Status: Approved
File created: 3/19/2018 In control: City Council
On agenda: 3/22/2018 Final action: 12/12/2019
Enactment date: 3/22/2018 Enactment #: 205343
Title: That the Director of SPCD contact local mortgage lenders to determine how the proposed "Tenants Right to Purchase" policy might affect the ability of home-buyers to secure financing, and report back to this Board in writing.
Sponsors: Ben Ewen-Campen, Jefferson Thomas ("J.T.") Scott

  Agenda Text

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That the Director of SPCD contact local mortgage lenders to determine how the proposed "Tenants Right to Purchase" policy might affect the ability of home-buyers to secure financing, and report back to this Board in writing.

 

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Official Text

That the Executive Director of the Office of Strategic Planning and Community Development (Housing) contact a number of local mortgage lenders to determine how the proposed draft "Tenants Right to Purchase" policy might affect the ability of home-buyers to secure financing for a home purchase, and present their findings to this Board in writing.