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Millis Fincom backs $200,000 CPA contribution to proposed 48‑unit affordable project at 1178 Main Street (contingent on state funding)
Summary
Fincom reviewed Article 12 seeking $200,000 from the Community Preservation Act housing reserve to support MetroWest Collaborative Development’s proposal at 1178 Main Street for 48 permanently affordable rental units targeted to households at roughly 30–60% AMI; release of local CPA funds requires the developer to secure state EOHLC financing.
Heidi Gilmore presented Article 12 to the Finance Committee’s pre‑Town Meeting on April 29, moving to appropriate $200,000 from the Fiscal Year 2027 Community Preservation Act housing reserve to support MetroWest Collaborative Development’s purchase and redevelopment of 1178 Main Street.
Gilmore told attendees the project would create 48 rental apartments—16 one‑bedroom, 27 two‑bedroom and 5 three‑bedroom units—proposed to be permanently…
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