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5 <br /> Affordable Housing Trust <br /> Affordable Housing Committee <br /> Community Preservation Committee <br /> Minutes <br /> December 6, 2011 <br /> A brief discussion followed regarding green initiatives and LEED certification. It <br /> was noted that capital costs during construction are higher, but the benefits may <br /> out-weigh the efficiencies. <br /> Additional development scenarios touched upon include the development of a <br /> single family duplex home. Mr. Ruchinskas added the Trust would also have the <br /> ability to buy-down the cost of three homes, and use the three homes as rentals. If <br /> the homes are deed restricted,they would be added to the Town's affordable <br /> housing inventory. The Trust also as the ability to purchase foreclosure properties <br /> which could be effectively managed by the Housing Authority or the Housing <br /> Assistance Corporation as affordable housing units. <br /> In accordance with the guidebook of the Affordable Housing Trust, a municipal <br /> Trust is able to provide financial support for the construction of affordable homes <br /> by private(profit and non-profit)developers,rehabilitate existing homes to <br /> convert to affordable housing, increase affordability in new housing development <br /> projects, develop surplus municipal land or buildings,preserve properties faced <br /> with expiring affordability restrictions, create programs to assist low and <br /> moderate income homebuyers, create programs to help low and moderate income <br /> families to make health and safety repairs and to educate and advocate to further <br /> affordable housing initiatives. <br /> The meeting adjourned at 7;47 p.m. <br /> Respectively submitted, <br /> Kathleen M. Soares <br /> Community Preservation Committee <br />