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Trust forms homeownership and fundraising subcommittees; staff to provide conflict-of-interest and AG guidance
Summary
The Affordable Housing Trust Fund Board established two subcommittees on homeownership projects and fundraising, scheduled initial meetings for Feb. 18 and 20, and discussed conflict-of-interest training and Attorney General guidance for fundraising activities.
The Affordable Housing Trust Fund Board voted to form two subcommittees to advance near-term priorities: one focusing on homeownership projects and another on fundraising. Board members set kickoff calls for the homeownership subcommittee at noon on Tuesday, Feb. 18, and the fundraising subcommittee at noon on Thursday, Feb. 20.
Chair Joe Gravalese said the homeownership subcommittee should explore options that fit the trust's budget, including purchasing an existing property for resale, supplementing Commonwealth Builder-type applications, or other approaches. He asked members to develop relationships with local realtors and brokers to identify opportunities.
Members raised the legal framework for fundraising. Gravalese noted he has completed conflict-of-interest training and said the board should make training available to other members. Claire, a board member, offered to compile guidance from the attorney general's office and materials her office maintains regarding fundraising by city-related entities, and she said she would share those resources with the board.
Tom Skrovsky said city staff will share the online conflict-of-interest training link and participate as a sounding board on fundraising structure to avoid conflicts between personal and public interests. Board members agreed to review legal guidance before launching external fundraising efforts and to consider city oversight for certain activities.
