In a recent meeting of the Lowell Affordable Housing Board, held on June 18, 2025, discussions centered around innovative funding strategies to address the city's growing affordable housing needs. The board emphasized the importance of exploring diverse funding sources beyond the existing community preservation surcharge.

One significant proposal discussed was the potential implementation of a linkage ordinance, similar to those in neighboring communities like Somerville and Cambridge. This ordinance would require developers to contribute a fee based on the square footage of new housing projects, directing those funds into a trust dedicated to affordable housing. The board noted that while this approach has proven effective in other cities, its suitability for Lowell would require careful consideration and ultimately, approval from the city council.

Additionally, the board highlighted the possibility of utilizing tax title properties—those that the city has acquired due to unpaid taxes—as another funding mechanism. By transferring ownership of these distressed or foreclosed properties to the affordable housing trust, the city could either sell them to generate funds or develop them into affordable housing units.

The meeting also touched on the allocation of Community Preservation Act (CPA) funds, which currently designates 10% of its budget—approximately $110,000 annually—for affordable housing initiatives. However, the board acknowledged the need for further research to determine if the Community Preservation Committee could streamline this process for future allocations.

Other potential funding sources discussed included municipal fees, such as a vacant storefront fee, which could also contribute to the affordable housing trust if approved by the city council.

As Lowell grapples with housing affordability challenges, the board's discussions reflect a proactive approach to identifying and implementing diverse funding strategies. The next steps will involve further exploration of these proposals and continued dialogue with the city council to secure the necessary approvals for these initiatives.