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2011-05-25-LEARY-rpt
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2011-05-25-LEARY-rpt
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LEARY PROPERTY COMMUNITY HOUSING TASK FORCE FINAL REPORT <br />MAY 25, 2011 <br />RECOMMENDED DEVELOPER <br />The Task Force, which includes two LexHAB members, met with a number of developers with <br />experience in affordable housing projects. Their pro bono contribution to the process should be <br />acknowledged. <br />Very early in the process, Sasaski and Associates provided us with several hours of pro bono site <br />planning work. The Task Force met with the Metro West Collaborative Developers (MWCD), a new <br />organization formed by two area community development corporations of which the Town is a member, <br />for pro forma and development programming advice. Later in the process the Task Force invited <br />Transformations, Inc, a private housing development firm that specializes in green energy building and <br />affordable housing, and Oxbow Partners, another private developer, who recently redeveloped a site for <br />the Town of Wayland as a 16 -unit affordable development. Ross Speer, a Lexington resident and <br />architect, sat in on several meetings, and lent the Task Force his expertise as well. The information <br />obtained from these experts was very helpful in laying out possible development scenarios for the Leary <br />housing parcel, and setting parameters for design, density and cost. <br />In the end, however, the Task Force agreed that LexHAB was its first choice as developer. While this <br />project is not one that LexHAB can develop under its usual partnership arrangement with the Rotary <br />Club and Minuteman Technical High School, LexHAB has expressed an interest in increasing its <br />development capacity through strategic partnerships with other groups, such as the Housing Authority <br />or one of the developers listed above. While larger than the projects typically undertaken by LexHAB, <br />this is still below the size of development that would attract broader interest from the development <br />community. <br />The Task Force feels that because of its established position in the community, its record of <br />accomplishment, and its willingness to take on the challenge, LexHAB should direct the redevelopment <br />of the parcel and ultimately own and manage the site. <br />LexHAB has arranged for and is funding the initial site surveying work. When planning funds <br />recommended by the Community Preservation Committee were not appropriated by Town Meeting, <br />LexHAB offered to support this predevelopment work. It has also begun exploring potential <br />partnerships to secure a general contractor for the project. <br />8 <br />
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