21.254 An Order to Appropriate $50,000 in CPA Funds to the Affordable Housing FundCity of Northampton
MASSACHUSETTS
In City Council, April 15, 2021
Upon the recommendation of the Community Preservation Committee
21.254 An Order to Appropriate $50,000 in CPA Funds to the Affordable Housing Fund
Ordered, that
WHEREAS, the Office of Planning and Sustainability submitted an application for Community Preservation Act funding for the Affordable Housing Fund;
WHEREAS, the fund will be used for due diligence and soft costs for predevelopment work necessary for new affordable housing opportunities that the City creates, and for which no other
funds are readily available, and will help to leverage future funding opportunities from other sources;
WHEREAS, this fund will result in new affordable housing opportunities in Northampton, meets the goals of the Housing Needs Assessment and Strategic Plan, and will help to address impediments
to fair housing identified in the Fair Housing Assessment;
WHEREAS, on April 7, 2021, the Northampton Community Preservation Committee, voted unanimously to recommend that $50,000 in Community Preservation Act funds be used to support this project.
NOW, THEREFORE BE IT ORDERED,
That $50,000 be appropriated from Community Preservation Act funding to the Affordable Housing Fund. And, that the grantee meets the conditions approved by the Community Preservation
Committee, the Mayor, and City Council.
Specifically, $50,000 is allocated from the CPA Affordable Housing Reserve (account #2344930-359933)