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affordable housing. FIs. Sunnarborg also noted the importance of developing policies, particularly <br /> with the use of town owned land, such as requiring that a higher percentage of affordable lousing be <br /> created. Ms. Sunnarborg also recommended that,when researching a site, it was important to consider <br /> the potential number of units, adding that were many examples available ofwell-designed multi-family <br /> units. iris. Sunnarborg also stated that financing could be impacted by the number of units in the <br /> development. <br /> Chairman Trebat inquired about the financing process. FIs. Sunnarborg responded that the RFP wound <br /> include guidelines about the range of affordable housing goals and the developer would develop <br /> estimated costs based on their preliminary designs along with the types of sources available to make <br /> the project financially feasible. Typically, the developer would jointly apply with the Town for <br /> regulatory approvals, prior to applying for financing. once financing 'is acquired, construction would <br /> begin. Ms. Sunnarborg noted that friendly 40Bs could move through the process in approximately <br /> years. <br /> Ms. Sunnarborg stated that she would be happy to serve as a resource to the Committee. Chairman <br /> Trebat inquired whether municipalities generally managed the properties upon completion and Ms. <br /> Sunnarborg responded that the developer or property manager typically managed the developments. <br /> Draft Affordable Housing Plan <br /> Chairman Trebat reported that Bill Newton was on vacation and that the Planning Board was seeking <br /> comments from the Affordable Dousing Committee abort the draft. Committee members should <br /> submit their comments to the Chair or directly to the Planning Board. Marie Stone requested a copy of <br /> the draft and the Chair agreed to email i <br />