Senator Spilka, Natick Legislators Announce Capital Improvement Funds for Natick Housing Authority
Senator Karen Spilka (D-Ashland), Senator Scott Brown (R-Wrentham), Representative David Linsky (D-Natick) and Representative Alice Peisch (D-Wellesley) announced today that the Natick Housing Authority has been awarded capital improvement bond funding by the Department of Housing and Community Development (DHCD).
The funding award, in the amount of $10,048.11, serves as a reimbursement to the Housing Authority’s capital reserves for a failed boiler replacement at the 667 Cedar Gardens development. Funding from the Housing Bond Bill signed into law in 2008 is allocated to local housing authorities according to a formula based on the statewide Capital Planning System (CPS), which uses a uniform methodology for building condition assessment, locally determined priorities, and good property management practices. This emergency project, which needed to be undertaken prior to the completion of the Natick Housing Authority’s capital plan, will come as an advance against that allocation. The DHCD’s overall CPS assessment for the Natick Housing Authority will be complete later this year.