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Affordable Housing Trust submits updated CPC application seeking excess funds for acquisitions
Summary
The Trust submitted a revised Community Preservation Committee (CPC) application requesting excess funds above $100,000 (roughly an anticipated additional $50,000); the housing authority signaled support and the Trust expects to appear on next week’s CPC agenda.
The Affordable Housing Trust reported that it submitted a revised Community Preservation Committee application requesting the transfer of CPC excess funds (the Trust asked for amounts above the $100,000 threshold). Speaker 1 said the Trust expects roughly $50,000 in excess funds in the coming year, and members noted the application will be on the CPC agenda next week.
Speaker 2 noted that Katie Berry, the housing authority representative to the CPC, reported the housing authority voted to support the Trust’s application. The Trust assigned Speaker 2 (Ellen) and Speaker 1 to monitor the CPC meeting and represent the Trust as needed.
No formal CPC decision was made at the Trust meeting; Trust members will follow up with CPC staff and attend the CPC meeting to answer any questions.
