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100 Homes Reaches Milestone

Earlier this month SCC acquired a property that ensures that 20 units of Somerville housing are protected as permanently affordable through the 100 Homes program.That means 20 more households will not have to look over their shoulders, wondering when the next big rent increase would be handed down, or when their property would be sold and they’d be asked to leave. 

SCC has been able to make offers on properties since early 2016 and has reached agreement and acquired seven properties, totaling 20 units to date. We’ve been able to act quickly as buyers thanks to a line of credit from the Massachusetts Housing Investment Program (MHIC), and City support through Community Preservation Act (CPA) funds.

Creating More Permanent Affordable Housing

The competition in the Somerville real estate market is fierce, but the early returns on the 100 Homes program are encouraging. We have demonstrated that a nonprofit buyer like SCC, with a cash line of credit and public subsidy funds, can make a real difference in the long-term affordability of the thousands of apartments existing in the old two to six-family homes in Somerville. 

Moving Forward

Having successfully completed this pilot phase, we look forward to accelerating our efforts to create as much permanent affordable housing as we can in the coming years.

Learn the story of SCC - watch the mini documentary:

Members of the community in Somerville, MA come together for an illuminated walk to bring attention to gentrification and housing affordability in East Somerville. Produced in collaboration with the Somerville Community Corporation and Mister Francis. Written, directed, and edited by Andrew Eldridge. Produced by Elizabeth Eldridge, Andrew Eldridge.

For tenants of the 100 Homes program, if you are in need of an urgent repair please call 1-617-410-9915. For life-threatening or other emergencies please call 911.

Somerville sits on the original homelands of the Massachusett, Wampanoag, Naumkeag, and Nipmuc tribal nations. We acknowledge the painful history of genocide and forced removal from this territory, and we honor and respect the many diverse Indigenous peoples still connected to this land on which we live and work.

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