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Page 3 <br /> Main Street Village—Phase II <br /> Mashpee, MA <br /> PE-359 <br /> provide that any transfer of all or a portion of the NEF lender's interest (including <br /> participations or sale of servicing rights) during the entire tern of the construction <br /> financing shall be subject to the approval of the Project Administrator. <br /> Based on MassHousing's review and consideration of comments received from the Municipality, <br /> the following issues should be addressed in your application for a comprehensive permit to the <br /> local ZBA and fully explored in the public hearing process: <br /> 1. Compliance with all statutory and regulatory restrictions and conditions relating to <br /> protection of drainage, wetlands, vernal pools and wildlife habitats and nearby <br /> conservation areas, if applicable to this Site. The comprehensive permit must include a <br /> condition that the developer provide evidence of such compliance prior to issuance of the <br /> building permit for the Project. <br /> n of <br /> 2. Compliance with Title V regulations treatment plants the sif�arppla able to thconstructiis site,rex except to <br /> ividual <br /> wells, septic systems and wastewater <br /> the extent waived pursuant to Title V. The comprehensive permit must include a <br /> condition that the developer provide evidence of such compliance prior to issuance of the <br /> building permit for the Project. <br /> 3. You have indicated that the applicant listed on the project <br /> ties listed it buyer cation, <br /> Southside Realty Trust, is the principal and manager of t <br /> he n the <br /> purchase and sale agreement, S.M. Realty Trust. Please note that at the time the <br /> Regulatory Agreement is executed, the same entity must own the site and hold the <br /> Comprehensive Permit, that any transfers between related parties will not affect the land <br /> valuation, and that, in any event, the applicable land valuation policy will apply. <br /> 4. The Town noted general concerns about wastewater treatment, availability of water, <br /> impact on schools, public safety, and traffic issues. Please be prepared to discuss these <br /> concerns with local officials during the public hearing. <br /> In connection with the local hearing on this project, it may be helpful for you to be aware of the <br /> "Local 40B Review and Decision Guidelines" issued in November 2005, by the Massachusetts <br /> Housing Partnership and available at www.mlip.net. <br /> agencies that finance l affordable housing.n endorsed by <br /> MassHousing,DHCD and the other state <br /> This approval is expressly limited to the development of no more than 12 homeownership units <br /> under the terms of either of the Programs, with not less than 3 of such units restricted as <br /> affordable homeownership units for low- and moderate-income persons or families as required <br /> under the terms of the Housing Starts Program or the Guidelines, as applicable. It is not a <br /> commitment or guarantee of MassHousing or NEF financing and does not constitute a site plan <br /> or building design approval. Should you consider the use of any other housing subsidy programs <br />