BELMONT —A $500,000 grant to improve infrastructure at the Solar Village neighborhood will be discussed at a public hearing Monday.
The selectmen's hearing takes place at 5:15 p.m. at the Corner Meeting House on a proposed application to the Community Development Finance Authority for up to $500,000 in Community Development Block Grant funds for infrastructure upgrades at Solar Village, a neighborhood of 48 homes located off of Ladd Hill Road.
The town will retain up to $25,000 for administrative expenses and the remainder will be used toward the upgrades. The majority of the residences are low- and moderate-income households, which meets the criteria that all such projects must primarily benefit low- and moderate-income persons.
Up to $500,000 annually is available through the Community Development Finance Authority on a competitive basis for economic development, and public facility and housing projects, up to $350,000 in emergency activities and up to $12,000 is available for feasibility study grants.
There will also be public hearings following on the Residential Anti-displacement and Relocation Assistance Plan and progress of the Solar Village Planning Study. Pathways Consulting performed a study of the existing infrastructure to determine necessary upgrades and cost estimates for those improvements.
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