SomervilleMeetings

22-0173 Order Approved

That the Executive Director of the Office of Strategic Planning and Community Development work with the Affordable Housing Trust Fund to consider combining the affordable housing linkage payments for commercial development as a funding source for a development that will result in the creation of affordable units.

Sponsor
Kristen Strezo
Introduced
Aug 4, 2022
Assigned to
City Council
Enactment #
212949
View on Legistar

History

  1. Mar 9, 2023
    City Council Work completed · roll call: pass Meeting agenda, item 6.D.4.
  2. Mar 1, 2023
    Housing and Community Development Committee Recommended to be marked work completed Meeting agenda
  3. Jan 27, 2022
    City Council Approved and sent for discussion

Official text

That the Office of Strategic Planning and Community Development work with the Affordable Housing Trust Fund to consider the advisability of combining the affordable housing linkage payments for commercial development, that are anticipated to be paid to the Fund over the next few years, to be used as a funding source for a development that will result in the creation of a substantial number of affordable units. (reference 211993)