2010-10-13-CPC-min - Laserfiche WebLink

Browse Search

have thirty days to approve such a request from the Housing Trust. He noted that a Trust could also hold monies for the Housing Authority if needed. In response to questions from the CPC, Mr. Hays stated that he would not be applying for funding for the purchase of affordable units this fiscal year. He added that he would be “very agreeable” to a $100,000 to $200,000 grant toward a trust, however. Mr. Adler questioned whether the arrangement described by Mr. Hays would give Town Meeting members enough control, and questioned if other groups such as Conservation or Recreation might want to develop their own trusts. Mr. Wolk echoed this sentiment, stating that Town Meeting would have much less control with a Housing Trust, and said that the CPC would need to see quantitative data on how much money would be saved. Ms. Manz asked Mr. Henry if he could put together some idea of these costs for the next meeting. In support of Mr. Hays’ proposal, Ms. Weiss noted that LexHAB was the only housing group in Town that was purchasing new units for inclusion on the SHI list. The Housing Authority, she said, was concerned only with the maintenance and upgrading of units. 5.Needs Assessment Report – Ms. Manz addressed this agenda item, reminding members to edit their sections and return them to Ms. Rice. Ms. Rice will send the LexHAB section to Mr. Hays for updating. th 6.Future Meeting – A future meeting was scheduled for Monday October 25 at 4:00 pm. Mr. Hays will be invited to come at 4:00 pm for the continuation of the discussion of a Lexington Housing Trust. The meeting was adjourned at 5:16 pm. Two documents were reviewed or presented at the CPC meeting; (1)A spreadsheet entitled, “Land Acquisition Accounts and Admin. Budget, October 15, 2010”. This document is on file with the CPC. (2)A spreadsheet entitled, “Community Preservation Budget Projections” dated October 13, 2010. This document is on file with the CPC. Respectfully submitted, Nathalie Rice Administrative Assistant Community Preservation Committee 5