City of Somerville header
File #: 22-1793    Version: 1
Type: Order Status: Approved
File created: 10/20/2022 In control: City Council
On agenda: 10/25/2022 Final action: 2/9/2023
Enactment date: 10/25/2022 Enactment #: 214445
Title: That the Director of the Office of Housing Stability discuss the potential impact of the anticipated January 2023 Social Security cost of living increase on affordable housing.
Sponsors: Kristen Strezo
Indexes: SPCD-Housing Stability

Agenda Summary

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That the Director of the Office of Housing Stability discuss the potential impact of the anticipated January 2023 Social Security cost of living increase on affordable housing.

 

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Official Text

That the Director of the Office of Housing Stability discuss in the Housing and Community Development Committee the potential impact of the anticipated January 2023 Social Security cost of living increase and how this increase could impact affordable housing tenant income restrictions and how/if federal guidelines will be adjusted to protect residents against displacement.