Live reporting - Housing

H. PRESENTATIONS/DISCUSSIONS

• Municipal Affordable Housing Trust, Christopher Vericker
info on new project starting to buy and sell housing for affordable buyers

mini team together, something formal being prepared
alert the realtors of this option
the Town would be a cash buyer to help sellers

Nutting - funding source for affordable housing Trust, from two developers who didn't want to develop affordable housing as part of their plan
payments from one of them still coming
formula set by Government based upon members of the household and income
it should be cheaper than otherwise

Bissanti - revitalization?
Nutting - we would prefer not to get into that aspect because then it becomes a construction project

Padula - deed restrictions forever?
Cerel - yes, as long as you apply with the process when it is set up