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Seabeds funding announced; Linden Street affordable-housing plan depends on project sequencing and state capital unlock
Summary
Town representatives said a $1.1 million state funding award for the Seabeds project was announced and that Linden Street’s financing depends on Seabeds beginning construction (so subsidy units are freed) and on unlocking a $4 million state earmark. Project teams plan to reapply for tax credits and monitor state timing.
Town officials updated the Community Preservation Committee on the Seabeds project and its connection to the Linden Street affordable-housing proposal, saying state funding and project sequencing will determine whether Linden Street can move forward.
Paul Dawson summarized a recent press announcement and said the state has officially announced approximately $1,100,000 for the Seabeds project; he also referenced a…
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