Creation, Preservation and Support of "Community and Affordable Housing"

Project submissions should contribute to the goal of achieving 10% affordable housing. They should promote a socioeconomic environment that encourages a diversity of income, ethnicity, religion, and age. Community Preservation funds may be used for low interest loans programs to income-eligible first-time home buyers, for financial assistance to income-eligible home-owners, for gap funding for non-profit community development corporations or for-profit developers, to match state or federal low-income housing grants, or for other "support" of community housing. Proposals can be designated for current Northfield seniors. Projects should promote use of existing buildings and ensure long-term affordability.