Affordable Housing
Six Watertown Residents Wanted to Serve on Affordable Housing Trust Board
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The following announcement was provided by the City of Watertown:
City Manager Michael J. Driscoll is seeking six (6) Watertown citizens interested in serving on the Watertown Affordable Housing Trust. The Housing Plan adopted by the City of Watertown on March 23, 2021 documented the need to create and preserve more affordable housing within the City. The Watertown Housing Partnership recommended the formation of a municipal affordable housing trust under M.G.L. c. 44, §55C to establish a trust to facilitate the creation and preservation of affordable housing within the City of Watertown for the benefit of low-to-moderate-income households and for the funding of community housing. The Honorable City Council adopted Ordinance 2021-89, An Ordinance to Accept the Provisions of M.G.L. C. 44, §55c to Establish a Trust to Facilitate the Creation and Preservation of Affordable Housing Within the City of Watertown at their November 23, 2021 meeting. Composition: The Trust shall be governed by a Board of Trustees (the “Board”) in accordance with M.G.L. c. 44, § 55C, as revised from time to time, and the authority granted by the City Council.