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OSPCD proposes UCH-TIF zone and plan
Summary by The Somerville Times
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OSPCD proposes UCH-TIF zone and plan
The proposed UCH-TIF zone. By The Times Staff The affordable housing crisis is a defining issue in Somerville. With the city facing acute shortages and high rental costs, Somerville is taking decisive action to increase its housing supply. At the latest City Council meeting on May 14, the Wilson administration requested approval of an urban center housing tax increment financing (UCH-TIF) zone and plan to incentivize affordable housing developme…
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