Affordable Housing
Watertown Forms Affordable Housing Trust, Six Residents Serving on Committee
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The following announcement was provided by the City of Watertown:
The City of Watertown took the final step on Sept. 21 in forming an affordable housing trust consisting of the new City Manager and six residents with expertise in creating and preserving housing for income-qualified households. The trust, authorized under state law to fund and engage in real estate activities to develop affordable units, held its first meeting on September 22, 2022. “It is important that we start identifying sites where deed-restricted affordable developments can be built,” said City Manager George Proakis. “We plan to do outreach to the affordable housing developers in the area who may be willing to work with the City to provide the kind of housing we need.”
The Watertown Housing Partnership, which recommended forming the trust, will automatically dissolve in 10 days, with its powers and responsibilities automatically transferred.






