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Town of Reading <br /> $ R Meeting Minutes `` 'T L E R <br /> �a R F. . <br /> Board - Committee - Commission - Council: <br /> 2/11 OCT —9 PM 6: 39 <br /> Metro North Regional Housing Services <br /> Committee <br /> Date: 2017-08-24 Time: 9:00 AM <br /> Building: Reading Town Hall Location: Berger Room <br /> Address: 16 Lowell Street Session: <br /> Purpose: Bi-Monthly Meeting Version: <br /> Attendees: Members - Present: <br /> Julie Mercier, Laurie Stanton, Danielle McKnight, Valerie Gingrich, Krista <br /> Leahy <br /> Members - Not Present: <br /> Others Present: <br /> Liz Rust <br /> Minutes Respectfully Submitted By: Laurie Stanton <br /> Topics of Discussion: <br /> The meeting was called to order at 9:00 AM. <br /> Minutes <br /> The minutes for 6-22-17 were corrected and approved. <br /> Status Update <br /> CHAPA monitoring—They have a staff of 1-2 people monitoring 6,000+units.They simply identify <br /> compliance or non-compliance.They got out of monitoring in 2006,but still have old units to monitor, <br /> which gets harder and harder overtime. <br /> Reading: <br /> 20-24 Gould Street—LIHTC requires more than 25%affordable units. If you apply for the funding round <br /> in November,you invited to apply for the round in February,and then be awarded in August for <br /> February 2019.you apply once to tap into all funding sources.Applicant is anticipating being denied the <br /> first try, but they still want their permit in October. <br /> Residence at Pearl—The 1995 MOU is not the correct document for the basis of affordability. Use all the <br /> documents mentioned in Lynne Sweet's letter as proof of restriction. 20%is important. <br /> Page 1 1 <br />