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City staff ask planning board to back $3 million for affordable housing projects including Stamford Manor and St. John's Towers
Summary
The Office of the Mayor asked the board to authorize $3 million to the Affordable Housing Capital Fund—$2 million for Stamford Manor rehabilitation and $1 million for the St. John's Towers redevelopment—arguing the city investment would leverage sizeable state and federal funds.
City housing staff asked the Planning Board on Nov. 5 to support a $3 million infusion to the Affordable Housing Capital Fund to sustain two downtown projects.
Emily Gordon, the city’s housing planner, told the board the fund — created in 1982 — has supported more than 1,200 rental units, condominiums and shelter beds and is currently able to fund roughly 33% of pending applications. She…
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