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2017-01-19 Metro North Regional Housing Advisory Committee Minutes
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2017-01-19 Metro North Regional Housing Advisory Committee Minutes
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o Options for subsidies include a 40B,a Workforce subsidy,or some other subsidy from the <br /> State.The State typically wants a local match or contribution.Cheap,free land is a given. <br /> The subsidy would be a one-time thing. <br /> 18 Denault Drive—DHCD needs the recorded deed rider and approval letter to be counted on the SHI. <br /> 16 Avon Street—Check mailing address for owner.The unit is not counted on SHI,as the Town did not <br /> go through the DHCD when the unit was being constructed,but there is a deed restriction on the unit. <br /> The owner has other properties in Wilmington. <br /> VTS Website Update <br /> Reading and Wilmington are in.Saugus wants to see the website up and running before they agree. <br /> North Reading is out.Julie will follow up with Millard Rose of VTS about the possibility and cost of a <br /> scaled back two-town site. <br /> Other Towns that may be interested in ioinin¢the M NRHSO <br /> Lynnfield—no planner,never heard back from Alan <br /> Stoneham—Danielle spoke to them, and they are not currently interested <br /> Nearby towns with CPA—Middleton <br /> Other towns in NSPC region—Winchester,Woburn,Wakefield <br /> Resale Lotteries <br /> The challenge with a resale lottery is the 90-day resale period.One cannot disadvantage an owner, but it <br /> can be hard to find a buyer.There was an abbreviated lottery at the resale for 18 Denault in Wilmington, <br /> with Kristen Costa's help.We could have a ready-buyer list process with DHCD.We could have a 2-week <br /> application window,and ask the monitoring agent to do this. Liz could help Laurie become a monitoring <br /> agent,and/or a resale agent, but one cannot be both on the same project.Typically,the monitoring <br /> agent assigns the resale agent. <br /> Next Meeting:March 23,2017,at 10:30 AM in the Berger Room at Town Hall. <br /> Page 1 2 <br />
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