HomeMy WebLinkAbout2025-05-29-AHTBT-minAffordable Housing Trust
Meeting Minutes of May 29, 2025 1:00 pm
Hybrid meeting on Zoom and attended in-person in the Ellen Stone Room, Cary
Memorial Building
Affordable Housing Trust Board Members present: Elaine Tung, Chair; William Erickson, Mark
Sandeen, Linda Prosnitz, Tiffany Payne (joined at 1:40 pm)
Staff present: Ragi Ramachandran, Administrative Assistant
Ms. Tung chaired the hybrid meeting and called the meeting to order at 1:13 pm.
1. HousingWorks Infrastructure Program Grant
Ms. Tung stated that the grant application was nearing completion pending Developer's
estimates to be entered, along with obtaining support letters from the Select Board, the Housing
Partnership Board and the Developer.
The Trustees reviewed the Affordable Housing Trust's draft letter of support.
Ms. Tung requested a motion for the Chair to submit the Trust's letter of support with the
HousingWorks Infrastructure Program grant application for 3,4,5 Militia Drive development.
Ms. Prosnitz moved. Mr. Erickson seconded. The Trustees voted in favor of the motion 4-0-0
(Erickson — yes, Prosnitz — yes, Sandeen — yes, Tung — yes).
The Trustees reviewed the grant application and agreed to wording changes and adjustments to
various sections of the application. They discussed the infrastructure cost estimates from the
developer, the grant amount to apply for on the application, and the local match amount from
the Trust.
The Trustees reviewed the Affordable Housing Trust's draft Certificate of Vote and rephrased
some parts to ensure clarity.
The Trustees agreed to apply for an amount of $1,619,650 on the grant application towards
infrastructure costs for the development located at 3,4,5 Militia Drive, Lexington. They agreed to
a local match in the amount of $180,000 which equates to approximately 11.11% of the total
requested amount in order to receive bonus points in application review. The local match amount
will be funded by the Affordable Housing Trust.
Ms. Tung requested a motion for the Affordable Housing Trust to approve the Certificate of
Vote as discussed and to authorize Ms. Payne to sign the Certificate of Vote on behalf of the
Trust. Mr. Sandeen moved. Ms. Prosnitz seconded. The Trustees voted unanimously in favor of
the motion 5-0-0 (Erickson — yes, Prosnitz — yes, Sandeen — yes, Payne — yes, Tung — yes).
Ms. Payne will sign the Certificate of Vote for the HousingWorks Infrastructure Program grant,
and it will be submitted with the grant application.
2. Any other business that may properly come before the Trustees which could not be
reasonably anticipated
Ms. Tung shared that the Massachusetts Housing Partnership's 181h Housing Institute will be held
on June 4 and June 5 in Worcester MA, and requested the Trustees to register for the session if
they were able to attend.
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Ms. Ramachandran will register Ms. Tung for the Housing Institute.
Executive Session
Ms. Tung moved to go into Executive session under Exemption 6 to consider the purchase or
lease of real property regarding the MBTA Multi -Family Development Buy -downs. The
Affordable Housing Trust Chair stated that in her opinion, an open session would have a
detrimental effect on the negotiating position of the Town and Affordable Housing Trust. Ms.
Tung stated that the Trust will not reconvene in an open session after the Executive session.
Ms. Prosnitz seconded. The Trustees voted in favor of the motion 5-0-0, by a roll call vote
(Erickson — yes, Payne — yes, Sandeen — yes, Prosnitz — yes, Tung — yes).
The Trust exited the open session at 2:14 pm.
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