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Select Board authorizes LIP application to build three‑bedroom affordable home at 3 Baylor Ave
Summary
The board authorized the chair to sign a Local Initiative Program application for 3 Baylor Ave so a nonprofit developer can demolish an unsafe house and build a certified affordable 3‑bedroom home marketed at about $240,000 for households at or below 80% AMI.
The Select Board voted to authorize the chair to sign a Local Initiative Program (LIP) application that advances an affordable housing project at 3 Baylor Avenue.
Alan (representing the Affordable Housing Trust during the presentation) explained the town trust purchased the property and arranged a purchase and sale with a nonprofit developer. The existing home is described in the packet as uninhabitable and will be demolished and replaced with a roughly 1,400‑square‑foot, three‑bedroom, two‑bath home restricted as affordable in perpetuity.
Board discussion focused on environmental due diligence: a 2004 oil spill at the site required remediation history review and additional core sampling under the foundation. The trust engaged a licensed site professional and conducted tests; staff said the core samples returned clean results, though lenders requested extra verification. The applicant will remove the building and complete remediation work required before closing.
Project finances in the packet estimate an 80% AMI sale price around $240,000 (subject to change with interest rates). The Select Board authorized Select Board Chair Patrick Walsh to sign the LIP application so the developer can meet permit and financing deadlines.
