|
Lexington Home Page
|
Help
|
About
|
Browse
Search
2007-03-31-CPC-rpt
Breadcrumb Navigation:
TownOfLexington-Public
>
WEB PUBLISHED-PUBLIC DOCUMENTS
>
MINUTES-REPORTS-COMMITTEES ARCHIVE
>
Community Preservation Committee-CPC
>
Minutes
>
2006-2009
>
2007
>
2007-03-31-CPC-rpt
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/10/2019 11:16:51 AM
Creation date
4/17/2009 1:08:21 PM
Metadata
Fields
Template:
Archives
Keywords or Subject
Minutes - CPC - Community Preservation Committee
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
15
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Supportive Living, Inc. <br />Affordable Housing - 15 Units for Brain-Injured Persons <br />Rehabilitation of 7 Oakland Street <br /> <br /> <br />The former Lexington Press building on Oakland Street will be rehabilitated by Supportive <br />Living, Inc. (SLI) into 15 studio-type, barrier-free rental apartment units for brain-injured adults <br />requiring supportive services. <br /> <br />Supportive Living, Inc. <br /> <br />SLI is a nonprofit 501 (c) (3) charitable organization working in partnership with public <br />agencies, businesses, and other nonprofits to raise the quality of life for survivors of brain injury. <br />SLI has successfully developed and operates two similar facilities to date: Warren House in <br />Woburn MA, which opened in 1997 with 15 residents; and McLaughlin House in North Reading, <br />which opened in 2001, with 8 residents. <br /> <br />Funding Need - $300,000 Gap <br /> <br />To date, SLI has raised approximately $5.9 million for this project from public and private <br />sources, including maximum funding from every available federal and state source of housing <br />monies. SLI is requesting $300,000 from Lexington CPA to close the funding gap and enable <br />construction to commence in May of this year, to be completed in April 2008. <br /> <br />SLI will continue to raise capital funds to complete the project. Specifically, SLI will finish the <br />lower level of the Lexington Press building, which is needed for meeting rooms for education, <br />recreational activities, and life skills training which will serve both SLI tenants and provide <br />recreational programming opportunities for Lexington residents with similar disabilities. <br /> <br />Benefits to the Town of Lexington <br /> <br />?? <br />All 15 rental units of the project will count toward the Town’s inventory for Chapter 40B <br />(affordable housing) purposes. <br />?? <br />CPA monies will be repaid to the Lexington CPA Fund in the event the project is sold or <br />ceases to be used as affordable housing. <br />?? <br />Every $1 of CPA funding leverages $20 in funds raised by SLI from federal, state and <br />private sources. <br />?? <br />Preference for 2 Lexington residents. <br />?? <br />Property taxes will be paid to Lexington. <br />?? <br />Pedestrian access from Oakland St. to the Meriam St. parking lot <br /> <br />This project will also ensure the historic preservation of one of the last of Lexington’s industrial <br />buildings. <br /> <br />The Community Preservation Committee recommends funding this request. <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.