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2 there will be a lot of housing applications in the near future and commented that the Community Housing bucket has received less funding than the other buckets in the past. Mr. Creech expressed his view that the idea that there should be a community housing funding makeup creates a false impression that the CPC has been denying funding for housing, and asked that argument not to be used in the future. Mr. Creech also commented that $3.2 million is not a lot of money in terms of construction and asked how the AHT plans to fund projects without additional funding sources. Ms. Tung replied that the AHT would leverage the funds and Ms. Kowalski explained that an affordable housing project typically requires multiple sources of funding and that CPA is the most common source for funding in Massachusetts. Ms. Prosnitz added that developers like to see local support for affordable housing projects so they can leverage and access other funding, which AHT funds would help accomplish. Ms. Tung explained that the AHT is able to provides the seed monies to developers to then be able to acquire the necessary funding for affordable housing project. Mr. Creech requested documentation on the process of AHT funded projects and asked about the AHT’s financial obligation for the Lowell St. project’s 48 units with some affordable housing. Ms. Tung explained that there is a higher financial payoff funding an all-affordable housing project at Lowell St. because of subsidies only available for all-affordable projects. Mr. Creech expressed skepticism about the desire for all-affordable housing, as opposed to mixed-income housing, among town residents. Ms. Tung commented that the AHT’s projected contribution for the Lowell St. project is based on Town consultants estimating about $110,000 per unit. Mr. Creech asked how a developer can make money on an affordable housing project. Ms. Tung explained that the developer will be eligible for federal and state subsidies as well as tax credits. Mr. Pressman commented that the idea that the disparity in Community Housing funding is only due to a lack of applications is an inaccurate narrative. Mr. Pressman shared that on 8/2/2011, the Select Board were considering housing options for the Busa Land, presented by the Housing Partnership Board which included two units each with 5-7 units on the site, and which was not selected. Mr. Pressman shared that in May 2011, a committee appointed by the Select Board, to develop options for the Vine Street property, suggested 5-6 units; when Town Manager Carl Valente approached the Select Board to ask if they would like him to submit an application to the CPC, the Select Board opted to not submit an application. Mr. Pressman shared that for six years, the Housing Partnership Board asked the Select Board for design funds for Vine Street, but that this request was not funded. Mr. Pressman shared that when the Housing Production Plan was presented at a Select Board meeting in May 2011, with plans to move forward on Busa and Vine Street, the Select Board voted to receive the plan and did not ask for an action plan. Mr. Pressman shared that when the Town acquired the property for the Community Center, the Housing Partnership Board submitted a letter to the Select Board with multiple ideas for housing at the site, but the Select Board never identified a time for the housing to be considered. Mr. Pressman shared that a similar instance occurred when the Town acquired land at Wright Farm. Mr. Pressman added that that the Town has submitted 61