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The Housing Trust unanimously allocated $50,000 in FY2027 HOME funds: $5,000 for administration and $45,000 for the Sherman Gardens redevelopment, which is planned to add 60 affordable units in 2027.
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The Trust also adopted a statement supporting the Belmont Center and Center Gateway Overlay zoning proposals and plans to publicize that position. An Inclusionary Zoning bylaw update has been postponed until Fall 2026 or Spring 2027 Town Meeting, though the Trust may formally request that the proposal be reconsidered. The meeting also reviewed housing needs among older residents, including high housing costs and limited accessible or downsizing options.
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