HomeMy WebLinkAbout2017-5-10 rgi ) 0 17
AFFORDABLE HOUSING TRUST FUND ��' 0
APPROVED MINUTES co
SPECIAL MEETING
.•
Wednesday, May 10,2017
11:00AM
2 Fairgrounds Road
Conference Room
www.nantuck-t-ma.•
(AGENDA SUBJECT' O C GE)
Please list below the topics the chair reasonably anticipates be . s sed at th eeting.
Purpose:To discuss business as noted below.The c. plete t-- .ns,applica. or other material relative to each
agenda item is available for inspection at office of ' g and Land se Services (PLUS)2 Fairgrounds
Road between the hours of 7:30 AM and I PM
Board Members: Isaiah Stover(Chairman) absent, Williams ' ce-Chairman) absent,Rita Higgins,Brian
Sullivan,Reema Sherry, -r Ho 6 . . s .• Trudel,III
Call meeting to order:
Acting Chair Mr.Holland called t • eetin• •rder at 11:06AM.Members of the Board present are Mr.Sullivan,Ms.
Sherry,Mr.Trudell, tita Higgins a Tucker ` from the Trust.
Acting Ch. olland -d Ms.Higgins if Mr.Kelly formally resigned from the Trust and if she had signed paper
works an. - sworn in.Actin• •' •an Mr.Holland stated that Ms.Higgins is an appointed member but will not be
formally vo. •ay and that Mr. ' • sign the resignation letter.
IL • •royal of Agen.
an questioner em five of the agenda is a public discussion or an executive session discussion due to it relating
to . • •urchase. - cero stated that it cannot go into Executive Session not posted as that.The agenda was
acce. -d by . o consent of the Board.
III. Discus- •n regar.•.g the Young Creative Project(The Nantucket Cooperative Project)
Represen g for The Nantucket Cooperative project are Justin Taylor,Samuel Golding and Mary Longacre.At the laast
meeting th• F was presented a specific project that The Nantucket Cooperative Project would like to pursue to
address ho g crisis and request for support of concept for use of funds for loans to purchase property for affordable
housing from the Board of Selectmen,which will be on the Board of Selectmen's agenda for tonight's meeting.Acting
Chairman stated that details need to be worked out.The Young Creative Project will need to get support for the proposal
from the Board of Selectmen.Ms.Reema questioned that she thought that AHTF was going to get an opinion from Town
Counsel regarding this.Acting Chairman Mr.Holland stated that he forwarded all information that was provided to Town
Counsel.Town Counsel reviewed and asked what if Trust purchased the property and leased it out. Fundamentally there
were other issues that need to be thought out through and that this was not a deal breaker.There was discussion regarding
the concept of affordability and process for financing requirements,rental agreement,and Deed restrictions for
affordability and if project doesn't work will Board of Selectmen authorize AHTF use grant for future projects.
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IV. Naomi J.Harnishfeger Request for down payment assistance
Representing for Naomi Harnishfeger is her dad Jim Richards.Ms.Harnishfeger got accepted at Sachems and closing will
be between November/February.This is the fifth application before the AHTF.Acting Chainnan Mr.Holland made a
motion to approve the grant up to$8,000.00 with the condition that Ms.Harnishfeger fill out the updated modified and
with that the encouragement that the applicant go back to the bank to get a rate locked,duly seconded and voted 4-0 in
favor.
V. Discussion regarding 54 Bartlett Road
Mr.Sullivan gave a brief summary of the property.The offer is subject to contingency.Mr.Sullivan briefly discussed
the project goals,timeline and purchase concept.The goal is to create an ownership project thro :. a covenant
program with 26 units;lot sizes range from 2,000 to 3,000 square feet and have through loft- _ - zoned R5
and CTEC with Town water available.A subdivision approved through Planning Board. ■ .Sullivan that if
agreed terms with Seller,AHTF draft RFP for road improvements and create a secon• •t.Mr.Sulliv. 'gdif;eyed to
Acting Chairman Mr.Tucker to get dollar amount cost.Packet sent to Andrew Vorce for -‘ and would "_' input
from AHTF Board members.
VI. Public Comment
No public comments were made.
VII. Other business
No other business was discussed.
VIII. Adjourn: 44% .'< )
Meeting adjourned at 1:06PM.
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