HomeMy WebLinkAboutAffordable Housing Trust Fund Minutes - July 15, 2010_201402060923407204Minutes
Affordable Housing Trust Fund – AHTF
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Special Meeting
Thursday July 15, 2010
3:00 P.M.
Conference Room
2 Fairgrounds Road
I. Members Present:
Matt MacEachern, Fernando Esteban, Charlie Hughes, Patty
Roggeveen (departed @3:40), Michael Kopko (departed @ 4:00),
Rick Atherton arrived @ 4:15, and Whitey Willauer.
II. Staff: Susan Bennett Witte
III. Public Present:
Ms.Corrin Brown and Mr. Dennis Brown
IV. Call to Order:
Meeting called to order at 3:08 PM by Matt MacEachern.
V. Establish Quorum:
A quorum was declared by Mr. MacEachern.
VI. Approval of Agenda:
Mr. Esteban made a motion to approve the agenda, duly seconded
and voted 6-0 in favor.
VII. Approval of Minutes:
Minutes of prior meeting 6/14/10 and 6/24/10 not yet available to
review. Approval postponed to next meeting.
VIII. New Business:
Guest Speaker- Kathleen M. O’Donnell, Esquire was introduced and
commenced a power point presentation explaining the history of the
concept of Municipal Affordable Housing Trust Funds MAHTF’s
and how and why Grant Agreements were developed to facilitate
delivery of funds from local CPC’s (Community Preservation
Committees) directly to MAHTFs. Ms. O’Donnell explained it is not
uncommon for local CPC’s to initially balk at turning over AHTF
approved requests in a lump sum despite the legitimacy of a request
to do so. She suggests accepting the fact that although to request and
receive a lump sum is within both the letter and the spirit of both
CPC and AHTF enabling legislation, it is most often necessary for
MAHTFs to build a basis of trust and submit to the CPC a specific
request with a specific budget for the first few projects until a
comfort level is achieved. Examples of programs other AHTF’s are
utilizing CPC funds for include staffing of a housing specialist who
also serves as monitoring agent for the community, acquisition of real
property, gap financing programs, surveyor expenses, legal expenses,
hiring consultants, recording fees, buy down programs, etc.
IX. Public Comment:
Ms. C. Brown was introduce and asked to speak to the Trustees to
request the development of a rental program. Ms. Brown explained
she has been on island for several years and despite being on the
“waiting list” for the Housing Authority for that time period has been
told there have been no vacancies. She has one child and needs a
2BR apartment or home, yet she only earns $14,000. per year at the
Stop and Shop and for that past few years has been in an
overcrowded rental situation there is nothing on the open market
that is affordable to her and would like to be notified if the Trust
plans to develop any small scale small size rental units.
Mr. D Brown explained that he works full time at the deli department
of the S&S and because he chooses to rent a year round small home
on the open market instead of being assigned to share a house by his
employer he spends 80% of his income per month just paying the
rent. He would be interested in purchasing an affordable unit if there
were something he could qualify for on his salary.
X. Old Business:
Grant Agreement proposal from AHTF to CPC to make available
program funding in a lump sum and a full description of what those
programs would consist of had to be postponed due to a lack of a
quorum at this point in the meeting.
XI. Other Business:
None at this time.
XII. Adjournment:
The meeting was declared adjourned at 4:20 pm
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The Mission of the Trust is to provide for the creation and presentation of affordable housing in
the Town of Nantucket for the benefit of year-round low and moderate income households who
would otherwise have difficulty, financial or otherwise, locating housing on Nantucket. These are
posted as Open Meetings held at 3 o’clock pm in the 2 Fairgrounds Road Conference Room on the
following dates:
February 8, 2010; March 25, 2010; June 14, 2010; September 13, 2010; November 8, 2010;
December 13, 2010