City of Somerville, Massachusetts - File #: 22-1798

• File #: 22-1798
• Version: 1
• Type: Resolution
• Status: Approved
• File created: 10/20/2022
• In control: City Council
• On agenda: 10/25/2022
• Final action: 1/26/2023
• Enactment date: 10/25/2022
• Enactment #: 214453
• Title: That the Administration update this Council on efforts to use District Improvement Financing to capture new tax growth, specifically for new affordable housing.
• Sponsors: Ben Ewen-Campen, Willie Burnley Jr., Jesse Clingan, Lance L. Davis, Beatriz Gomez Mouakad , Charlotte Kelly, Matthew McLaughlin, Judy Pineda Neufeld, Jefferson Thomas (J.T.) Scott, Kristen Strezo, Jake Wilson
• Indexes: Mayors Office

Date	Ver.	Action By	Action	Result
1/26/2023	1	City Council	Work completed	Pass
1/24/2023	1	Finance Committee	Recommended to be marked work completed
10/25/2022	1	City Council	Approved and sent for discussion	Pass

Agenda Summary

title

That the Administration update this Council on efforts to use District Improvement Financing to capture new tax growth, specifically for new affordable housing.

body

Official Text

That the Administration update this Council on efforts to use District Improvement Financing (DIF) to capture new tax growth specifically for new affordable housing.