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Trustees consider affordable‑housing fund, acquisition strategy and development fees
Summary
At the work session trustees discussed creating or expanding an Affordable Housing Fund or land trust, repurposing an acquisition fund for housing, exploring development‑fee policy and special districts, and seeking grant sources such as CDBG or HUD to support affordability programs.
Trustees debated policy tools and funding mechanisms to increase affordable housing supply in Wellington, including an acquisition fund, an affordable housing trust and developer incentives.
Trustee Moore proposed broadening the town’s acquisition fund to include property purchases for affordable housing and establishing an affordable housing trust or land trust. “We have property that could be put into one that the town owns, should it…
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