23.232 An Order to Appropriate CPA Funds to the Affordable Housing Fund_Certified.pdfCity of Northampton
MASSACHUSETTS
In City Council, January 19, 2023
Upon the recommendation of the Community Preservation Committee
23.232 An Order to Appropriate 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, which has proven successful, 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 December 7, 2022, 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).