CPC Reviews $6M Bid for Affordable Housing

Community Preservation Committee · Meeting of September 17, 2026

Watertown's Community Preservation Committee reviewed a $6 million request to help buy and build 49 affordable apartments at 108 Water Street, with a vote planned for October 15. Metro West Collaborative Development's Director of Real Estate, Sharon Small, said the nonprofit has a signed purchase and sale agreement requiring a January 2027 closing, and that the $6 million would leverage about $29 million more in financing. Watertown Affordable Housing Trust Chair Cliff Cook, who said the trust already put in $150,000 for pre-development, called the site's existing special permit "better than gold." Units would be income-restricted from 30 to 80 percent of area median income, with most deeply affordable.

The committee also accepted its August 20 minutes, with one member abstaining, and heard that roughly a dozen residents submitted letters of support.

In the full story:

• 108 Water Street Affordable Housing Request
• — Cliff Cook, Chair, Watertown Affordable Housing Trust
• Acceptance of August 20 Minutes
• Fair on the Square Survey and Event Logistics
• Housing Consultant Analysis Follow-Up
• Coordinator Project Updates
• Member Updates
• Who Was There
• Organizations And Documents Referenced
• The complete report: 1,996 words

Source: the Community Preservation Committee meeting of September 17, 2026, reported from the official video recording and transcript.

Checked against the record: before publication this article was automatically compared with the meeting transcript.