1974-05-21 - Laserfiche WebLink

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Lexington Housing Realty Trust Hearing (continued) -11 ' Mr. Sandy (continued) To begin with it's not for low income housing, it's to get rich quick. I hope this Board will deny it. Mr. Cataldo: This properly meets every criteria of 774, if you read it. Of the three proposals that have come before this Board this is the most com- prehensive presentation that's ever been made. The gentleman deserves the consideration and courtesy of you people to go on the issue. It is the best proposal that's ever been before us. The basis for Chapter 774 has been properly brought before us. I don't think an attack on this gentleman is proper. A lady who did not identify herself: ( I believe it was Mrs. Semonian. ) It may be a beautiful proposal. It may be the most outstanding. Other people just don't want it. Mr. Sheldon: That's what you're entitled to say. William Fraser, Pct. 5 TMM: If you allow this, you could take every lot of 3 acres or less in any neighborhood and do the same thing. It's not compatible here. I think these people here are absolutely right in objecting. MUCH CLAPPING Mr. Sheldon cautioned the audience (to keep it's cool - sec. words) ' Mr. Sheldon: The gentleman in the back. Paul Plasse, TMM: I am somewhat familiar with the 774 legislation, as well as, MHFA, since we have been embroiled in this for quite a few years here in Lexington. I have two questions to ask Mr. Ostroff. But first I'd like to say that there isn't another community in the state who's meeting 774 require- ments. So, to criticize Lexington for that is unfair. Even Brookline isn't meeting their requirement. Also to say that Lexington isn't doing anything about it is unfair. So long as a community is showing that it is making an effort in a positive direction then 774 does not prevail. The questions I'd direct to Mr. Ostroff are these, Under the MHFA application, 2 of the questions that are asked are (1) for a list of the directors of the none profit organiza- tion, their names and addresses and (2) you are to submit a statement to MHFA on the impact on the neighborhood and the feelings of the neighborhood and I want to know, first of all who are the directors of this non-profit organization as required by MHFA so he must know them and the other, has he submitted this impact statement? Mr. Sheldon: Mr. Ostroff, do you want to answer those? Mr. Ostroff: yes. This is a Trust. It's not a corporation. I am the con- trolling interest in the Trust. I own 4/6ths of it. An associate of mine owns 1/6th of it and my family owns the other 1/6th of it. ' An unidentified lady: Why don't you buy the house next door to it and live in it? Answer: I'll tell you what you'll pay for the house next door with the improve- ments, anytime. That's an open offer right here.