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)