24.086 An Order to Appropriate 200,000 in CPA Funds to Valley CDC for Downtown Affordable Housing Creation Project_CertifiedCity of Northampton
MASSACHUSETTS
In City Council, June 6, 2024
Upon the recommendation of the Community Preservation Committee
24.086 An Order to Appropriate $200,000 in CPA Funds to Valley CDC for Downtown Affordable Housing Creation Project
Ordered, that
WHEREAS, Valley Community Development Corporation submitted an application for
Community Preservation Act funding for creation of an affordable housing
project at 27 Crafts Avenue;
WHEREAS, CPA funds will be used to create 20 fossil-fuel free affordable units in the
heart of downtown, with close access to bus transportation, bike travel or
by walking to an abundance of workplace opportunities, services and
amenities;
WHEREAS, CPA funds will be used to leverage significant funds from a variety of other
sources, including an already-received $921,300 Municipal Vulnerability
Program grant, and anticipated additional state grants and low income and
renewable energy tax credits;
WHEREAS, on April 17, 2024, the Northampton Community Preservation Committee,
voted unanimously to recommend that $200,000 in Community
Preservation Act funds be used to support this project.
NOW, THEREFORE BE IT ORDERED,
That $200,000 be appropriated from Community Preservation Act funding to the
Downtown Affordable Housing Creation Project. And, that the grantee meets the
conditions approved by the Community Preservation Committee, the Mayor, and City
Council.
Specifically, $200,000 is appropriated from the CPA Budgeted Reserve (account
#2344930-359930).