CPA Projects – Detailed Report

The Sherman Gardens project would meet the Town of Belmont’s Comprehensive Plan 2010-2020 Housing Goals to provide a wider variety of housing types by developing new affordable housing for young professionals, families, and/or elderly individuals; it would preserve and upgrade existing housing stock; promote socio-economic diversity by the preservation and enhancement of 80 units of deeply affordable housing.  Finally, the Community Preservation Plan explicitly lists collaboration with the Belmont Housing Authority as a community housing area of focus. In leveraging this public housing redevelopment opportunity to create additional affordable housing, the Sherman Gardens project would meet key CPA selection criteria. The allocation of CPA funds to this project is crucial to enable BHA, the town of Belmont, and the CPC to meet these housing goals.