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Plymouth Affordable Housing Trust reports $540,010 balance, encumbers $50,000 to Father Bill’s Homeless Project
Summary
At its April 15 meeting the Trust reported an available balance of about $540,010, recorded a $50,000 encumbrance for Father Bill’s Homeless Project, and noted a $330,000 payment from Alden’s Reach; members unanimously accepted the financial update 8–0.
The Plymouth Affordable Housing Trust reported an available balance of approximately $540,010.15 at its April 15 meeting, and the Trust recorded an encumbrance of $50,000 to Father Bill’s Homeless Project.
Staff also reported a $330,000 payment received from the Alden’s Reach project and $865.78 in interest. Trust staff told members Father Bill’s will request state funds in June and that the organization must submit an updated application if it seeks additional Trust funds.
Members moved and unanimously approved the financial update (motion by Kathy Dunn, second by Stephen Michael Palmer; vote recorded 8–0). The minutes note that additional applications will be forwarded to the Trust when received. Staff also reported a modification to the Alden’s Reach comprehensive permit that added 12 units overall, three of which are affordable; staff said the change has not yet been reflected on the state’s Subsidized Housing Inventory list.
No public comment was recorded at the meeting. Member Mark Snyder said he will be moving out of town but will remain with the Trust through June 2026. The meeting adjourned at 9:05 a.m.
