This project seeks to secure 100 new units of affordable housing in Somerville through purchasing existing multi-family properties and converting them to affordable housing. To date, this phase of the project has secured 11 units in three properties. In addition to the housing restriction recorded below, the following restrictions were recorded at the Middlesex South Registry of Deeds: 1. January 18, 2018 Book/page 70527/64, Somerville Affordable Housing Trust Fund 3. July 13, 2018 Book/page 71315/196 Somerville Affordable Housing Trust Fund
Project in progress
04-12-2018
Project Category
Project Details
Housing Units
11
0
11
Acres
0
1
0
0
0
1
CPA Funding
$0
$0
$0
$0
$0
$6,000,000
$6,000,000
30
$0
Other Funding Sources Leveraged
$0
$967,109
$0
$25,000
$65,000
Permanent mortgages and other subsidy
Total Project Cost
$7,057,109
$1,057,109
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