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Finance committee does not recommend $2.8M CPC grant for Charles River Center supportive housing
Summary
The Needham Finance Committee voted 5–3 to not recommend Article 22, a Community Preservation Committee (CPC) request for $2.8 million in town funds to support a Charles River Center mixed-income supportive housing project, citing concerns about depleted CPC reserves and preference for a loan structure.
The Needham Finance Committee voted 5–3 on April 30 to not recommend Article 22, which would have committed $2,800,000 in Community Preservation Act funds to a Charles River Center affordable and supportive housing project.
The request, presented by Community Preservation Committee co-chair Mary Callahan and the project team, asks the town to commit $2.8 million so the developer can include a town commitment in a project eligibility letter application to the Executive Office of Housing and Livable Communities (EOHLC). “This project does exactly that,” Mary Callahan said, describing the proposal as a response to unmet needs for low-income housing and housing for adults with intellectual disabilities.
Bill Grogan of the Town planning office for urban affairs explained the EOHLC step: “We will be submitting what’s called the project eligibility letter application to EOHLC, and that is a prerequisite for us to be able to submit a comprehensive permit application to the…
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