Somerville Community Land Trust Acquires First Affordable Homes

SOMERVILLE, MA — The Somerville Community Land Trust (SCLT) celebrated their first property acquisition at 7 Summer Street with a ribbon cutting ceremony on Aug. 17.

Funded by the City of Somerville, the Somerville Affordable Housing Trust Fund, and Winter Hill Bank, SCLT’s first project brings five permanently affordable homes to the heart of Union Square.

"Every acquisition where we can introduce permanent affordability means that we’re giving a family a shot to stay here today, in 10 years, 20 years, and in 100 years,” said Elizabeth Haney, President of the SCLT Board of Directors "And 7 Summer Street is just the start, we want to see that over and over and over again."

A lottery process for the new homes was expected to start in August, inviting low-to-moderate income first-time homebuyers to become the first resident-members of SCLT.

The Somerville Community Land Trust is an independent group of volunteers working to preserve housing affordability in the city. For more information, click here.