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Yarmouth staff and Housing Assistance Corporation agree to start with rental arrears/first-last aid, may shift to monthly subsidy
Summary
Trust staff reported that the Town's contract with Housing Assistance Corporation will initially emphasize rental arrears and first/last months' rent for Yarmouth movers; HAC's Thrive monthly subsidy could be adopted later if funds are not used promptly.
Town staff reported to the Affordable Housing Trust that the contract with Housing Assistance Corporation (HAC) is intended to provide rental assistance to Yarmouth residents, with initial emphasis on past-due rent and first/last months' rent for residents moving into new rental units in Yarmouth. HAC submitted a Technical Proposal describing its active Thrive monthly subsidy program, but after discussion HAC agreed to launch the service as a rental arrears/first-last program and convert to a monthly subsidy only if available funds are not being expended in a timely manner.
The Trust's minutes record the staff explanation of the program emphasis and the conditional transition plan; no formal vote was recorded to change the contract terms at the meeting. The Trust discussed program delivery and timelines, and staff will monitor fund usage before any change to monthly subsidies.
Next steps: staff will continue administration under the current contract terms and monitor fund usage; a transition to monthly subsidies would be implemented only if staff and HAC determine funds are not being expended promptly.
