2023-09-28-AHTBT-min - Laserfiche WebLink

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Page 1 of 5 Affordable Housing Trust Meeting Minutes of September 28, 2023 10:00 am Hybrid meeting on Zoom and attended in-person in the Parker room, Town Office Building Affordable Housing Trust Board Members present: Elaine Tung, Chair; Mark Sandeen, William Erickson, Tiffany Payne Members Absent: Linda Prosnitz Staff present: Carol Kowalski, Assistant Town Manager for Development; Ragi Ramachandran, Administrative Assistant Other attendees: Elizabeth Rust, RHSO; Doug Ray, Charles Hornig, Margaret Heitz, Cindy Arens Ms. Tung conducted a roll call to ensure all members of the AHT Board and members of staff present could hear and be heard. Ms. Tung chaired the hybrid meeting and called the me eting to order at 9:04 am. The meeting was recorded by LexMedia for future on-demand viewing. 1. Approval of September 13 meeting minutes Ms. Tung shared her update to the Sept 13 minutes. Ms. Payne moved to approve the minutes of 9/13/23 AHT meeting, as amended. Mr. Erickson seconded. The Trustees voted in favor of the motion 4-0-0, by a roll call vote (Erickson – yes, Tung – yes, Sandeen – yes, Payne – yes). Meeting minutes approved. 2. Chair, Select Board, Board/Committee Liaison and RHSO/staff report Ms. Tung provided an update from the Select Board meeting on Sept 18th. The Select Board is supportive of the Lowell St/North St potential affordable housing concept, proceeding with due diligence on parcel 68-44, and approved submitting a joint pre-funding application with AHT. Ms. Tung stated that she made an error in the Prefunding request amount range. She had indicated at the SB meeting $3.2M - $4M whereas it was supposed to be $3 – $4.2M. The Trust will choose a Pre-funding amount at this meeting and submit it to the Select Board. The Trust was asked by the CPC for input on how the housing partners and AHT should approach applying for funds from the CPC for community housing dollars. Ms. Tung from AHT, LexHAB and Lexington Housing Authority were requested to attend the CPC meeting on Oct 19 to further discuss this. Ms. Payne reported that she reached out to the Lexington Housing Authority. The LHA Director is on maternity leave until next month and they hope to hear more on LHA’s plans once the director is back.