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Somerville presents annual HUD entitlement plan; proposes Section 108 loan for Clarendon Hill phase 2
Summary
City staff presented the FY2025 HUD entitlement filing: CDBG $2,477,825; HOME $517,544; ESG $218,817. The plan proposes a Section 108 borrowing of about $10 million for Clarendon Hill phase 2, which staff said would require roughly $500,000 in annual entitlement payments.
City staff presented Somerville's annual HUD entitlement plan to the Committee on Housing and Community Development on June 30 and described a proposed Section 108 financing request tied to the Clarendon Hill project.
Alan Inacio, Director of Community Finance and Community Development in the Office of Strategic Planning and Community Development (OSPCD), said the city's allocations were largely level-funded this year: Community Development…
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