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Council sends proposed Affordable Housing Trust to finance after split vote and extended debate
Summary
The council debated a proposed Affordable Housing Trust and related ordinance for more than an hour before voting to refer the resolution and draft ordinance to the Committee on Finance for further study and a more detailed briefing from experts and staff.
After extended debate that highlighted both support for new local housing tools and concerns about duplication of existing programs, the Fall River City Council voted to refer a proposed Affordable Housing Trust resolution and companion ordinance to the Committee on Finance for additional study.
Councilors who supported the referral said a local housing trust could provide flexible, locally controlled funding to shore up affordable and market-rate housing efforts, support rehabs, assist rent stabilization, and complement existing federal and…
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