CPC Final Funding Rec AHT supplemental distribution FY26 — File 26-0298

City of Somerville Community Preservation Committee COMMUNITY PRESERVATION COMMITTEE RECOMMENDATION FOR Supplemental Transfer to the Somerville Affordable Housing Trust FY26 PROJECT DESCRIPTION The Somerville Affordable Housing Trust (AHT) was designated by the CPC to administer the Community Preservation Act funds set aside for affordable housing. The AHT solicits proposals and awards funding for CPA-funded housing programs. The AHT 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 AHT in June, 2025 describes the community needs and priorities that have been identified by the AHT and projects funded by the AHT. The Affordable Housing Trust Report is available at: https://s3.amazonaws.com/somervillema-live/s3fs-public/SAHT-summer-2025-cpa-report.pdf ELIGIBILITY Community Housing: The funds will be used for all eligible affordable housing activities. RECOMMENDATION On February 25,2026 by a vote of 7-0, the Community Preservation Committee recommended that $399,255 be appropriated from the Community Preservation Act Undesignated Fund Balance to the Community Housing Reserve to align with the program area distribution goals the CPC established in its FY25 Community Preservation Plan. The Community Preservation Committee then recommended by a vote of 7-0 that the Somerville Affordable Housing Trust be awarded $1,167,395 Community Preservation Act funds from the Community Housing Reserve as a supplemental disbursement for FY26. The CPC’s FY26 Fall Report shows the calculation used to determine the amount of the recommended funding for the AHT: https://drive.google.com/file/d/1DwREuaSER0p5dHWst9MkLHD71z_RmZuN/view?usp=drive_link