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Ɏ Lexington Housing Partnership Meeting Minutes for Tuesday, September 12, 2017 Attendees: Harriet Cohen, Jeri Foutter, Mary Haskell, Paul Linton, Bob Pressman, Melinda Walker, Betsey Weiss Absent: Rich McDonough, Nancy Corcoran-Ronchetti, Wendy Manz Guests: The meeting was chaired by Melinda Walker and the minutes were taken by Harriet Cohen. The meeting was called to order at 7:41 pm. 1. Approval of minutes of July 11, 2017 Mr. Pressman had a number of suggestions for updates to the minutes. Ms. Walker will revise the minutes and present them at the next meeting. Ms. Walker moved to table discussion of the minutes until the next meeting; Ms. Weiss seconded the motion. The motion was approved unanimously. 2. Presentation of LIP application for Manor House / Walker The Regional Housing Services requires the signature of the Lexington Housing Partnership (LHP) chair on the Local Initiative Program (LIP) application for Local Action Units at Manor House, 509 Woburn Street. There are 51 condominiums. Some units are already occupied. Six of the units are set aside for first time home buyers at a reduced price. One is one bedroom; the other two are two- bedroom. The sale prices are: $154,400 for the 1-bedroom unit and 167,500 to 170,500 for the 2- bedroom units. These will be deed-restricted properties. Pinnacle Partners hired the Sudbury Housing Trust to do the marketing and run the lottery for the first-time home buyer units. The planning board approved this development in 2014. First time home buyers must be at 80% or less of Boston regional medium household income. Assets cannot exceed $75,000. Some exceptions will allow people who are not first-time home buyers to participate in the lottery. Local preference: 75% of these units must be local preference (4 of 6). Local preference must include at least 20% minority applicants. All applicants must be pre-approved to ensure they can obtain a mortgage on the property. Mr. Pressman moved the motion that Ms. Walker has the approval of the LHP to sign the final version of the LIP application. Ms. Haskell seconded the motion. The motion carried unanimously. 3. Update on Pine Grove (Judges Way)/ Walker Earlier this week, the attorney for the existing co-op, the attorney for the Lexington Housing Authority (LHA), and Elizabeth Rust of the Regional Housing Servicing Office met with the residents to discuss the financing arrangements. The LHA will be the landlord. The co-op residents have voted unanimously on the conversion to condo units. The Town is expected to approve the financing arrangements in November.