Haverhill Community Meeting to Discuss ARPA Funding
Posted on July 27th at 12:57pm.
A Haverhill community meeting was held on Monday, August 1st. Residents had the chance to provide input about how the city should allocate $30 million dollars in federal American Rescue Plan Act (ARPA) funds.
Communities may use ARPA funds in the following ways:
Development, repair, and operation of affordable housing and services or programs to increase long-term housing security
Investment in water, sewer, and broadband infrastructure
Provide premium pay for essential workers
Help households, small businesses, impacted industries, nonprofits, and the public sector recover from economic impacts
Replace lost public sector revenue
Examples of acceptable affordable housing related expenditures include:
Funding for new construction and substantial rehabilitation of affordable housing
Acquisition of land for future development
Down payment and mortgage assistance
Acquisition of properties that will be transitioned into affordable housing
Financing of loans (that fit a specific criteria) that supports affordable housing investments
Predevelopment activity and site work to lay the ground for affordable housing development
