CPA Projects – Detailed Report Project Information Project Name 100 Homes initiative - 27 Everett Ave City/Town Name Somerville Project ID 50945 Town ID 274 Description Part of the 100 Homes Initiative, a 3-family property was acquired, creating one unit affordable at 50% AMI and two units affordable at 80% AMI. Status Project in progress Approval Date 11-15-2020 Project Category Open Space Housing Recreation Historic Project Details Housing Units New 3 Supported 0 Total 3 Acres Open Space 0 Housing 0 Recreation 0 Historic 0 Mixed Use Uncategorized Acres 0 Total 0 CPA Funding Open Space $0 Housing $0 Recreation $0 Historic $0 Uncategorized $0 Total $0 CPA Bonded Amount $0 Bond Term 0 Transferred TO a Fund/Trust Transferred FROM a Fund/Trust $620,000 Other Funding Sources Leveraged Other Town Funds $0 Private Funds $667,137 State Funds $0 Federal Funds $40,000 Other Misc Funds $0 Other Funds Description Total Project Cost $1,327,137 Total Funds Leveraged From Other Sources $707,137 Show fields from Show fields from Show fields from a related table a table related to ""
