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b.) Provide funds to LexHAB, or another responsible entity acceptable to the Town, to contract <br />for and manage the construction of new units of affordable housing on Town -owned lands, <br />particularly on the Leary property; <br />c.) Encourage the Town Board of Selectmen to consider housing (as well as each of the other <br />purposes set out in the CPA) when acquiring land for the Town and designating its use. <br />3. Adoption of a Lexington Housing Production Plan to meet State requirements, to <br />clarify community housing needs and goals for Lexington residents, and to lay out a <br />blueprint for action for the next ten years. <br />RECOMMENDATIONS <br />As Lexington seeks to provide housing for different age groups and income levels, there are a <br />number of approaches which might make constructive use of CPA funds: <br />• Acquisition or construction by LexHAB, or another responsible entity acceptable to <br />the Town, of at least two to three additional affordable rental units per year on <br />scattered sites throughout the Town, including parcels similar to the one secured by <br />and to be utilized by LexHAB on Fairview Avenue; <br />• Construction by LexHAB, or another responsible entity acceptable to the Town, of <br />additional affordable units, rental or ownership, on Town -owned parcels, such as the <br />Leary land on Vine Street and the Busa Farm property; <br />• When a site for affordable housing is identified, as in the cases of the Busa and Leary <br />properties, establish by action of the Board of Selectmen, at an early time, target dates <br />for completion of the steps necessary to bring the housing to completion; <br />• Support of LexHAB funding to acquire housing units in existing multi -family <br />projects when their affordability restrictions expire; <br />• Purchase of deed restrictions on existing homes to bridge the gap between current <br />market prices and affordable prices, so as to preserve smaller homes from tear down <br />and replacement; <br />• When the Town acquires land, establish, at an early time, by action of the Board of <br />Selectmen, a well-publicized, public opportunity for the groups advocating for the <br />various Town core values to present proposals for use of all or part of the land in <br />question; <br />• Investigation of specific housing programs for veterans and senior citizens; and <br />13 <br />