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Affordable Housing Board accepts $3.3 million, authorizes city manager to form housing trust
Summary
At its inaugural meeting Thursday, the Lowell Affordable Housing Board voted to accept $3,300,000 allocated by the City Council last year and authorized the city manager to take legal steps to bring a housing trust into existence.
At its inaugural meeting Thursday, the Lowell Affordable Housing Board voted to accept $3,300,000 that the City Council allocated last year and authorized the city manager to take legal steps to bring a housing trust into existence.
The board used the meeting to handle administrative items, including scheduling and the election of officers, and then voted to accept the funds and authorize legal formation of the trust. The transcript does not provide details on how the funds will be spent or the trust’s governance structure.
Municipal meetings in Lowell are cablecast live on Comcast channel 6; live streams of the channel are available at ltc.org, and meetings can also be viewed live on the City’s YouTube page, the transcript notes.
