FY25 CPD Formula Letter - Somerville MA — File 25-1005

May 14, 2025 The Honorable Katjana Ballantyne Mayor of Somerville 93 Highland Avenue Somerville, MA 02143 Dear Mayor Ballantyne, Secretary Scott Turner is committed to improving housing opportunities, reducing regulations to lower housing cost, and expanding housing supply for hardworking Americans. The nationwide shortage of rental and owner-occupied properties and the current rate of construction has not kept pace with the demand. This lack of adequate housing supply leads to higher prices for renters and homebuyers alike, forcing some into homelessness and preventing countless Americans from becoming homeowners. Across the country, partnerships between public and private sectors are providing millions of Americans an opportunity to get ahead. HUD is determined to continue its collaboration with you so programs are responsibly utilized and can spark additional leveraging and partnerships to address the nation’s housing crisis. As authorized by the Consolidated Appropriations Act (Public Law 119-4) on March 15, 2025, I am honored and excited to announce that your jurisdiction is receiving the following Fiscal Year 2025 allocations for the identified programs: Community Development Block Grant (CDBG) - $2,477,825.00 HOME Investment Partnerships (HOME) - $517,544.40 Emergency Solutions Grants (ESG) - $218,817.00 Housing Opportunities for Persons W/ HIV/AIDS (HOPWA) - $0.00 Housing Trust Fund (HTF) - $0.00 Recovery Housing Program (RHP) - $0.00 In addition, your jurisdiction’s CDBG allocation for this year provides you with $12,164,125.00 in available Section 108 loan guarantee borrowing authority. Section 108 permits you to borrow up to five times of your current CDBG allocation. This loan allows jurisdictions to maximize access to low-interest capital, and provide long-term financing to invest in Opportunity Zones, or further address gap financing for big projects that you envision for your community.

2 As you are finalizing your Annual Action Plans or Consolidated Plans that are due for submission to our office by August 16, 2025, please be reminded that it is important to align with executive orders and applicable laws. If you or any member of your staff have questions, please do not hesitate to contact your local HUD Field Office in Boston or CPDGDAS@hud.gov. Thank you for your interest in CPD programs and for ensuring that these dollars are responsibly achieving outcomes as intended by law. When people have a safe and stable place to call home, they can focus on contributing to the economy and be productive members of their respective communities. Sincerely, Claudette Fernandez General Deputy Assistant Secretary for Community Planning and Development