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Trust reports SHI at 12.842%; additions could push figure above 16%
Summary
Trust members reported the town's Subsidized Housing Inventory (SHI) at 12.842% on Aug. 20 and noted that adding Novo, Thoreau, Acevedt ownership units, and CHDC programs could raise the SHI to about 16.18% if all milestones are met.
Keith Bergman reported the town's Subsidized Housing Inventory (SHI) stood at 12.842% as of the meeting. He explained Novo's building permits place those units on the SHI for an 18‑month period pending occupancy; Thoreau's expected building permit will add another 18‑month listing window if permits are pulled. Combined with the three Acevedt ownership units and CHDC's homeownership buyback program, the trustee projected the SHI could reach roughly 16.18% once those projects meet deed-restriction and occupancy milestones.
Trustees noted the distinction between shares of deed‑restricted units and absolute unit counts. Members said the trust will continue to monitor milestones and deed-restriction filings because the SHI percentage can change as projects reach or fail to meet permit and occupancy milestones.
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