6.29.2022 Community Development Agency

Fall River Government TV Jun 30, 2022 YouTube Report Issue

The Fall River Community Development Agency held a public hearing on June 29, 2022, concerning a proposed substantial amendment to the HOME Investment Partnership Program (HOME-R) for the 2021 annual action plan. Michael Dion, Executive Director, announced that the amendment, which aims to increase affordable housing units in the city, would be submitted to the U.S. Department of Housing and Urban Development (HUD) by Mayor Paul E. Coogan on or about July 29. The projected funding for the HOME-R program is $3,813,093. Copies of the draft amendment were made available at the Fall River Community Development Agency at One Government Center, the Office of the City Clerk at Government Center, and the Fall River Main Public Library at 104 North Main Street, as well as on the city's website. Residents had until July 12 to submit comments, but no testimony was provided at the hearing itself. Dion also presented findings from a HOME-R community survey, which gathered close to 90 respondents. The survey revealed that 88% of respondents believed there was not enough affordable housing in Fall River, and 57.47% stated that affordable housing units were what the city lacked most. Monthly rental costs were identified as the biggest barrier to finding affordable housing by 59.77% of respondents. Regarding funding priorities, 42% believed the production of affordable housing was most important, followed by 31% for the preservation of affordable housing. The Fall River Community Development Agency plans to focus on increasing affordable units, which will include housing restrictions on income levels and rent limits. The public hearing concluded without further testimony.

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