OTHERAPPROVED

PILOT Agreement Continued for Sherman Gardens Redevelopment

The Belmont Select Board approved the continuation of the PILOT agreement required for the Sherman Gardens redevelopment, partnering with Cambridge Housing Authority, enabling $78 million in investment through LIHTC.

Status
APPROVED
Document date
March 23, 2026
Contract type
OTHER
Vendor
Cambridge Housing Authority
Agency
Town of Belmont · MA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $78 million (project cost)
Contract type
OTHER
Contract term
Long-term ground lease; ground lease duration unspecified
Renewal
Existing PILOT agreement continued; duration aligns with ground lease and LIHTC structure.
Document type
Minutes
Source document
Belmont Select Board Minutes 2026-03-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Town of Belmont?

Cambridge Housing Authority was awarded this government contract by Town of Belmont, as recorded on March 23, 2026. The contract value is Approximately $78 million (project cost).

How much is the Cambridge Housing Authority contract with Town of Belmont worth?

The Cambridge Housing Authority contract with Town of Belmont is valued at Approximately $78 million (project cost).

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Belmont Select Board Minutes 2026-03-23 (Minutes), dated March 23, 2026 from Town of Belmont. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Cambridge Housing Authority hold?

Cambridge Housing Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Cambridge Housing Authority's profile

What is Town of Belmont currently buying?

Explore Town of Belmont's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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