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Town adopts close‑out resolutions for completed CDBG‑DR multifamily housing projects
Summary
Staff reported five of seven CDBG‑DR multifamily projects are complete, with two still under construction and expected to finish by late 2027. The council approved resolutions acknowledging project completion and discussed 20‑year monitoring and affordability commitments.
Nadia, the town's housing program supervisor, summarized the status of seven multifamily projects funded by Community Development Block Grant Disaster Recovery (CDBG‑DR) funds: five projects are complete and two are under construction and projected to finish by late 2027. She outlined allocated amounts for specific projects (for example, Eagle Point Apartments: $7,300,000 allocation; Northwind Senior: $3,600,000) and said the town's total allocation for the program is about $84,700,000 following an additional allocation in January 2025.
Nadia explained monitoring and affordability rules: projects funded through this program carry a 20‑year monitoring obligation during which the housing department will conduct annual on‑site file reviews, income eligibility checks, health‑and‑safety inspections and exterior condition assessments. The council moved to approve the close‑out resolutions for completed projects and voted to adopt the related staff recommendations.
Why it matters: These projects add dozens of subsidized units to the town's housing stock and include project‑based vouchers for some senior units; the monitoring period and affordability terms are intended to preserve those units for eligible households.
Next steps: Staff will carry out the annual monitoring schedule, continue close coordination with HCD and report back as required by grant terms.
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