Agenda Text
title
Requesting the appropriation of $1,491,908.58 from the CPA Fund Community Housing Reserve to the Affordable Housing Trust Fund, as recommended by the Community Preservation Committee.
body
Official Text
To the Honorable City Council:
Per the Community Preservation Committee’s recommendation, I respectfully request that your Honorable City Council appropriate $1,491,908.58 from the Community Preservation Act Fund Community Housing Reserve to the Somerville Affordable Housing Trust Fund for the FY22 Community Housing Allocation. The appropriation will be allocated to the Community Housing CPA category. Details of this request are available in the attached funding recommendation from the CPC.
My staff will be available to address any questions you may have. Thank you for your consideration of this item.
Respectfully Submitted,
Katjana Ballantyne, Mayor