Trust weighs down‑payment assistance program; CPC application due Sept. 25
The Trust discussed a proposed down‑payment assistance program for buyers of deed‑restricted properties with a preliminary structure of $60,000 per year for three years ($180,000); staff suggested raising the award from $5,000 to $10,000 per household, which would reduce the annual number of awards. The CPC application deadline is Sept. 25; the Trust will reconvene on Sept. 16 to finalize materials.
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The Trust discussed seeking Community Preservation Committee funding for a down‑payment assistance program to help buyers of deed‑restricted affordable homes. The CPC application deadline was noted as Sept. 25; the Town Meeting warrant was expected to open in November and close during the second week of December.
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