1984-03-19 Reading Housing Authority Minutes

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READING HOUSING AUTHORITY (W Minutes of the Special Meeting - March 19, 1984 The Reading Housing Authority met in Special Session at 7 :30 P.M. on Monday, March 19, 1984, at 22 Frank D. Tanner Drive in'the Town of Reading, Massachusetts. Proper notice of this meeting was posted by the Executive Director in accordance with the provisions of Chapter 39 of the General Laws as amended. The Meeting was called to order by the Chairman, Mr. Dempster. Those members also present were Mrs. Swain, Mr. Westra and Mr. Rand, forming a quorum. Mrs.' Pierce, the Executive Director, was also present. The purpose of this meeting was to discuss in,detail the Proposal for Funding under the State Chapter 705 Program for low- income family housing. Mrs. Pierce stated that she had attended the meeting in Framingham on March 14th, and learned more about the application process, and what the funding priorities would be. First of all, the Directors were told that the funding is going to be in two stages, dur- ing the first part of May - and then later in the year. Authorities who are not funded in the first round, should not be discouraged, as only half the money will be committed at that time, and all applications not funded will be considered later. They can be changed or amended at any time before the second funding round. The emphasis for the spending of the money is on family housing, and if an Authority sub- mits an application for elderly, or congregate housing, they must submit an applica- tion for:ane.f Aily unit for every four elderly units requested as well. Those Authorities requesting family units only are most welcome to submit a Proposal for any number of units - new construction, or acquistion with rehab. - anything is' (;;tisfactory. Also, in submitting a Proposal under the 705 Program, one does not have to be site - specific, but if the Authority has a particular property in mind, they may specify, although all sites will be considered as tentative until final approval is given by E.O.C.D. Although the literature given in the package mentions the figure of $40,0100 per unit for multi - family houses, Mrs. Pierce said she was told by Kathryn Kasich who heads up this Program, that they could go as high as $60,000 depending upon the costs of real estate in a particular Town. The six -unit property mentioned at the previous meeting is at 256 -274 Haven Street in Reading and are comprised of 3 -6 room and 3 -5 room apartments, and are owned by Morley Realty Trust in Wakefield. Mr. Morley has provided the Board with a "fact sheet" about the property and a copy of the lot plan. These buildings need extensive rehab. and the owners said they would consider an offer in the area of $255,000.00. It was the feeling of the Board to use this property as a basis for the Pro- posal, knowing that they would hot be committed to this site, but that having a particular plan in mind, could give them some priority. Therefore, after still further discussion, a motion was made by Mr. Westra and seconded by Mrs. Swain, and unanimously: VOTED: That the Reading Housing Authority submit a Proposal for Funding (Wnder the State Chapter 705 Program for six units of low- income family housing. The Chairman thereupon declared said motion carried and said vote in effect. 1.