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Council committee approves $958,000 CPC transfer for 46-unit low-income senior housing project
Summary
The Peabody City Council Finance Committee voted 5-0 to transfer $958,000 from Community Preservation Committee funds to help support a $30 million low-income senior housing project that will add 46 rental units to the city’s subsidized housing inventory.
The Peabody City Council Finance Committee voted 5-0 to transfer $958,000 from Community Preservation Committee (CPC) funds to support a $30,000,000 low‑income senior housing project that will add 46 rental units to the city’s subsidized housing inventory.
The transfer was presented to the committee by a city staff member as a CPC request “for $958,000 to help support a $30,000,000 project for low income senior housing,” and…
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