CPC Final Funding Rec Affordable Housing Trust FY26 — File 25-1280

COMMUNITY PRESERVATION COMMITTEE RECOMMENDATION FOR Transfer to the Somerville Affordable Housing Trust FY26 PROJECT DESCRIPTION The Somerville Affordable Housing Trust (SAHT) was designated by the CPC to administer the Community Preservation Act funds set aside for affordable housing. The SAHT solicits proposals and awards funding for CPA-funded housing programs. The SAHT ensures that CPA funds are used for eligible projects and reports annually to the CPC regarding the developments and programs funded with CPA revenue. A report submitted to the CPC by the SAHT in July, 2025 describes the community needs and priorities that have been identified by the SAHT and projects funded by the SAHT. The Affordable Housing Trust Report is available at: SAHT Spring 2025 CPC Rept_7.16.25 ELIGIBILITY Community Housing: The funds will be used for all eligible affordable housing activities. RECOMMENDATION On July 23, 2025 by a vote of 7-0 the Community Preservation Committee recommended that a total of $2,630,071 awarded Community Preservation Act funds be awarded to the Somerville Affordable Housing Trust from the CPA Affordable Housing Reserve, to align with the program area distribution goals the CPC established in its FY25 Community Preservation Plan. KATJANA BALLANTYNE, MAYOR CITY OF SOMERVILLE, MASSACHUSETTS COMMUNITY PRESERVATION COMMITTEE