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Harwich trust to pursue $35,000 MassHousing study for 0 Depot Road feasibility
Summary
The Trust agreed to apply for a MassHousing Partnership technical-assistance loan of up to $35,000 to fund survey, site planning and feasibility work for a roughly 23-acre parcel (J1/J2/J3); trustees said the grant would help identify 6–7 buildable acres and preserve the lower portion.
Bob, a Trust member, told colleagues the Trust is preparing an application to the MassHousing Partnership (MHP) to study 0 Depot Road, a three-parcel holding of roughly 23 acres. He said much of the property is constrained by vernal pools and habitat and that MHP assistance would pay for a professional survey and site analysis to clarify developable acreage.
Bob described the MHP terms: "The grant is a loan amount up to $35,000 per project and a 0 percent interest rate. The repayment is due within 5 years … If no housing development moves forward within 5 years due to a fatal flaw … the loan is forgiven in its entirety," he said. Trust members agreed it is reasonable to encumber the $35,000 for a technical-feasibility effort and asked staff to assemble zoning, mapping and supporting municipal documentation for the application.
