CPA Projects Database

Transfer of Affordable Housing Reserve to the Grafton Affordable Housing Trust

Transfer of 10% Affordable Housing Reserve to the Affordable Housing Trust.

Fund Community Housing Coordinator salary

Monies are to used to hire a consultant to produce a housing master plan for the town of Medway

Yearly budget for The Affordable Housing Trust legal and administrative costs...Funds available for FY15 only.

Funds are being used to replenish the Affordable Housing Trusts legal budget as well as the housing coordinator that they have hired.

These funds are for FY13 only

Yearly transfer of funds from Affordable Housing allocation to Affordable Housing Trust to pay for legal fees, and Housing Coordinator. Available for FY16 only

FY2020 Affordable Housing Block Grant of $90,000 will be used, in addition to approximately $452,000 of GAHT funds, to create additional affordable housing in Georgetown. Currently, GAHT is investigating land to purchase for a Habitat for Humanity duplex as well as locating properties (land or houses) that can be used in creating additional affordable housing. For the most part, activity is 'opportunity driven', but having adequate funds available is critical to be successful in this environment. Approximately $23,000 of the FY 2021 CPC Grant will be allocated to the support of the GAHT Administrator. This person's function is to maintain all of the GAHT records, ensure owned properties are properly serviced, interface with potential vendors and to pursue new opportunities for creating 'affordable housing' in Georgetown.

To see if the Town will vote, pursuant to G.L. c. 44B, to appropriate from Community Preservation Fund Community Housing Reserves Account monies, the amount of $130,000.00 (One Hundred Thirty Thousand dollars) to the Georgetown Affordable Housing Trust for the purposes of Affordable Housing initiatives consistent with the Trust’s Articles of Incorporation; and for the creation of a Housing Production Plan which will be Certifiable by the Massachusetts Department Housing and Community Development in accordance with 760 CMR 56.03(4); and to authorize the Community Preservation Committee to enter into a grant agreement with the Georgetown Affordable Housing Trust setting the terms for such grant, including a requirement that the owners of any dwellings subsequently receiving any of these appropriated monies from the Trust grant to the Town an Affordable Housing Restriction in said dwellings, and further, to authorize the Board of Selectmen to accept such restriction; Any funds from this appropriation remaining unspent after a period of 3 years from the date of the approval of this article will be returned to the Community Preservation fund only after a vote by the Community Preservation Committee determining that it is unlikely the remaining appropriated funds will need to be spent to this effect;

To see if the Town will vote, pursuant to G.L. c. 44B, to appropriate from Community Preservation Fund Community Housing Reserve Account, the amount of $100,000 (One hundred thousand dollars) as a grant to the Georgetown Affordable Housing Trust for the purposes of Affordable Housing initiatives consistent with the Trust’s Articles of Incorporation and the accepted Town of Georgetown Affordable Housing Production Plan and to authorize the Community Preservation Committee to enter into a grant agreement with the Georgetown Affordable Housing Trust setting the terms for such grant, which may include a requirement that the owners of any dwellings subsequently receiving any of these appropriated monies from the Trust grant to the Town an Affordable Housing Restriction in said dwellings, and further, to authorize the Board of Selectmen to accept such restrictions;

To see if the Town will vote, pursuant to G.L. c. 44B, to appropriate $60,000.00 (Sixty Thousand Dollars) from Community Preservation Fund Community Housing Reserve Account as a grant to the Georgetown Affordable Housing Trust for the purposes of Affordable Housing initiatives consistent with the Trust’s Articles of Incorporation and the accepted Town of Georgetown Affordable Housing Production Plan and to authorize the Board of Selectmen to enter into a Grant Agreement with the Georgetown Affordable Housing Trust setting the terms for such grant, including a requirement that the owners of any dwellings subsequently receiving any of these appropriated monies from the Trust grant to the Town an Affordable Housing Restriction in said dwellings, and further, to authorize the Board of Selectmen to accept such restrictions; or take any other action in relation thereto.

Affordable Housing Trust Block Grant of $595,000 will be used towards the following items listed below: RAP (Rental Assistance Program) provides 'rental assistance' for low income renters in Georgetown, ensuring the renters expend no more than 30% of net income for housing. This short-term program has been available to Georgetown renters for many years and continues to run with great success. Lottery Listing Agent and Advertisement Costs - to hire a certified lottery listing agent to resell affordable unit(s) and/or rent affordable unit(s) in Georgetown according to DHCD guidelines. Staff and Administrative Salary and Development - Covers salary and state conferences, trainings, certifications, etc.. Maintain AHT Equipment and Office Supplies. Maintain current affordable units. To Capitalize on opportunities to create new ownership/rental housing. To invest in development of lend/housing development.

Yearly allocation of expenses to the Affordable Housing Trust Includes Housing Coordinator (20 hours per week) legal, postage, postings..etc

To appropriate a sum of $110,091 dollars U.S., from the Community Housing Reserve Fund to be transferred to the Hanover Affordable Housing Trust to provide for the creation and preservation of affordable housing in Hanover,

Appropriation for Affordable Housing Trust FY2021 programs, including funding the Homebuyer Assistance Grant program, anticipate grants for housing creation at Poquanticut Ave & Morse Rd, support for planning work and related administration for the Town to meet its Chapter 40B requirements, and funding an emergency rental assistance grant program.

The Affordable Housing Trust requested funds to help replenish the Trust balance, due to the recent commitment of $600,000 for the Lawson Green Affordable Housing Project. This will enable the Trust board to support future affordable housing opportunities and initiatives as they develop.

Funding for FY24 Affordable Housing Trust programs, projects, and administration.

This CPA funding will be used to help fund the Lexington Affordable Housing Trust to provide seed money for affordable housing acquisitions, and allow the Trust greater flexibility to make purchases of property to increase the stock of affordable housing.

transferred funds to the Affordable Housing Trust to be used to create affordable housing.

Transfer to Affordable Housing Trust Fund

Transfer CPA funds to Affordable Housing Trust Fund

Contribution to AHTF

Transfer funds to AHTF

Transfer funds to the Affordable Housing Trust Fund