7/20/2018 9:46:00 AM
7/11/2018 8:58:52 AM
Current Item #
Affordable Housing Report
Economic Development Committee
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• 'e <br /> Prague M. Augu9us,Jr. <br /> any Manager CITY OF WO FCESTER <br /> cm]flie)g n27034226 Atter M me in for Item # 84A <br /> July 17, 2018 <br /> TO THE WORCESTER CITY COUNCIL <br /> COUNCILORS <br /> I respectfully submit the attached report concerning the City efforts over the past five <br /> years to create and preserve the city's supply of affordable housing, as received from <br /> Michael E. Traynor, Esq., Chief Development Officer, and forwarded for the information <br /> of your Honorable Body. <br /> The City leverages the creation and preservation of affordable housing through its use <br /> of federal entitlement funds under the Community Development Block Group (COBS), <br /> HOME Investment Partnerships Program (HOME), and W orcester Lead Abatement and <br /> Healthy Homes Program POLAR programs. The enclosed report details the total <br /> investment by funding source; the number of units created and preserved, and the <br /> projects are broken down by council district Over the past 5 years$176 million in funds <br /> have been committed or expended by the Qty of Worcester to develop or preserve <br /> 1 ,]52 affordable housing units throughout the city. Of this funding, 84% has been <br /> allocated to projects in various neighborhoods, with the balance allocated to three <br /> Downtown projects. <br /> The report also addresses where the City stands with respect to MGL. 6408 <br /> compliance, which requires 10% of a community total year-round housing units be <br /> affordable housing. Worcester is a 134% placing it third in the Commonwealth behind <br /> Boston and Springfield. <br /> Worcester has more subsidized housing inventory than the next eleven cities and towns <br /> in Worcester County combined (Fitchburg - 1486, Leominster - 1456, Gardner - 1356, <br /> OFFICE OF THE ary MANAGER, ary HALL,WORCESTER, MA 01608 <br /> ® TELEPHONE 508)791176 l FAA COB 7991206 <br /> ® EMAIL mW,enegerCmrremexernegrM <br />
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