About the Affordable Housing Trust Fund
The Somerville Affordable Housing Trust Fund (SAHTF) was created in 1989 by a City ordinance to preserve and create affordable rental and homeownership units in Somerville, and to carry out programs to directly assist homeowners and renters. All of its activities must benefit low to moderate income households (with incomes at or below 110% of area median income).
All linkage fees from commercial development in Somerville go to the Trust, as do payments made in lieu of units pursuant to the City's Inclusionary Zoning Ordinance. The Trust also receives revenues from the repayment of Trust-funded loans to affordable housing developers, first-time homebuyers, and renters receiving security deposit, arrearage, or other loans. To date, it has received $1.5 million in resources.
Funding & Opportunities
Funding & Opportunities
Attention Affordable Housing Developers and Housing Program Providers:
Community Preservation Act funds are available for Affordable Housing Development/Housing Support Programs in the City of Somerville.
The Somerville Affordable Housing Trust (SAHT) has begun its annual process of local distribution of Community Preservation Act (CPA) funds. This year’s City of Somerville CPA Community Housing dollars are available through two competitive Request for Proposals (RFP) processes to provide funding for:
- The creation, acquisition or preservation of affordable rental or homeownership units in Somerville by developers of affordable housing.
- The support of affordable housing in Somerville by housing program providers (rental assistance programs, etc.).
The SAHT released two RFPs on January 19, 2017. Approximately $880,000 in FY17 CPA funds have been designated by the Somerville Community Preservation Committee for allocation by the Affordable Housing Trust to benefit residents of Somerville.
The submission deadline for proposals for both of the RPFs is February 21, 2017 (at noon for Programs, and at 4 p.m. for Development Projects). The two RFP documents are available for download below:
For more information, please contact Heidi Burbidge, Housing Programs Coordinator, (617) 625-6600 x2587 or by email at firstname.lastname@example.org.
- Mary Cassesso, Managing Trustee
- Lisa Davidson
- Michael Feloney
- Donna Haynes
- Beth Howe
- Daniel LeBlanc, Clerk
- Mark Niedergang
- Martin Polignone
- Andrea Shapiro, Assistant Managing Trustee