2023-06-14-LEXHAB-min - Laserfiche WebLink

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• Sustainability—Muzzey and Emerson weatherization happening. • Housing fair/roundtable- Oct 25th 5:30- 8 • Renewals- 17 so far this month • Annual Monitoring Report—almost wrapped up • Inspections- Pearlene has increased visits and John has been doing more landscaping work • 2 new 2 bedroom units available – will use Ready Renter waitlist and possible Town Employee program . • By next month, would like to have a transfer policy in place. Can we establish a committee to go over the transfer? • New Lottery for Fall of 2023 for SHI units—discussion with Metro West of which units will be part of the process. • Pearlene- going on all inspections; recommending annual landscaping should be part of LexHAB responsibility not tenant; noticing fire pits, trampolines, gym sets • 2 2-bedroom units are becoming available. Locke and Garfield. • Discussion on Town Employee Program preference- discussion of changing. Discussion for later when group has more info from discussion with the Town on MOU • Motion made to clarify minimum rent policy to add that it is also applicable at renewals to the applicable rents then in effect. Vote made- all in favor • Tara will work with Pearlene on analyzing current rents and utility allowances for the future Treasurer Report • Repairs and Maintenance – largest line item and we need assistance on reviewing costs. Maybe Eric has some thoughts. • Set a date to work on 2024 budget. Henry, Tara, Regina, Sarah to work on. Sarah may try to get Martha Sadler to help. • Do we want to do something more with our cash? Board had an idea to have about $1MM of cash. • Need to drill down on increase costs—like insurance • Kimball Rd will need about $150,000 for repairs Sustainability- Regina • Working on lots of upgrades that will be covered under rebate program. Significant benefits to us and they continue to look at other projects for us • Solar- SunBug came back by far the best and most responsive Property Purchase • Official Vote- To purchase 93 Woburn Street for $625,000. Unanimous • Would like to do a formal ribbon cutting Easement