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Swanzey selectmen continue public hearing on $500,000 CDBG request for Plainview senior housing
Summary
Selectmen heard a public hearing on a proposed $500,000 CDBG award (about $30,000 admin, $470,000 to be loaned) to Plainview Senior Limited Partnership for a 74-unit senior housing project at 115 Old Homestead Highway; residents pressed the board for details on oversight, the compliance period, and local impacts. The board continued the hearing to Jan. 14 for more information.
The Swanzey Board of Selectmen reopened a public hearing Dec. 23 to consider the town’s support for a Community Development Block Grant (CDBG) application that would provide up to $500,000 in federal-state funds through the Community Development Finance Authority to support Plainview Senior Limited Partnership’s proposed 74-unit senior housing project at 115 Old Homestead Highway.
Jack Franks, who identified himself as general partner of Plainview Senior Housing, told the board that the town would retain $30,000 for administrative costs and that up to $470,000 would be loaned to the development and held with the project during the compliance period. “The town receives that back from the development project after the initial term of the compliance period,” Franks said,…
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