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HomeMy WebLinkAbout2021-11-16 Affordable Housing Trust Minutes North Andover Affordable Housing Trust Meeting Minutes November 16, 2021 Present: Laurie Burzlaff, Christopher Jee, George Koehler, Joan Fitzgibbons, Roger Lawson and Robert Bernardin Absent: Richard Vaillancourt Meeting was called to order at 5:30 p.m in the Select Board meeting room at Town Hall. Approve minutes of October 20, 2021 Motion made by Joan Fitzgibbons, seconded by Robert Bernardin to approve the meeting minutes of October 20, 2021, as presented. Motion approved 5-0. George Koehler arrived. Vote on liaison to Housing Authority for Fountain Drive The Trustees agreed it would be a good idea to have a trustee assigned as a liaison to the Housing Authority should the Fountain Drive Project move forward. Ms. Burzlaff suggest Mr. Bernardin given his experience with these types of projects. Motion made by Joan Fitzgibbons, seconded by Roger Lawson to appoint Robert Bernardin as the liaison to the Housing Authority for the Fountain Drive Project. Motion approved 6-0. Discussion and possible vote regarding use of 2021 HOME funds ($49,865) and grant application for pool funding Laurie Burzlaff explained that the Town was looking for input regarding the use of HOME funds for this FY22. Ms. Burzlaff stated that there is also a grant opportunity to apply for the pool funding but the application is due th December 10. The Trustees agreed there would not be anything to apply for this year. George Koehler explained that next year they can apply for the competitive grant and it would be good to show that the Town has invested it’s entitlement funds in the Fountain Drive project. Mr. Koehler indicated entitlement funds can be used for preconstruction activities. Ms. Burzlaff also stated that there will be some American Rescue Plan Act funds also available through the HOME program. Mr. Jee suggested the Trustees discuss at the next meeting once we know if we can build at Fountain Drive. Discuss Down Payment Assistance Program-final documents and questions Mr. Jee provided an updated note and mortgage with the late fee of 18%. Motion made by Laurie Burzlaff, seconded by Robert Bernardin to approve the final note and mortgage for the first time homebuyer program. Motion approved 6-0. Motion made by Laurie Burzlaff, seconded by Joan Fitzgibbons to authorize the Chair, Christopher Jee, to sign and create additional document as necessary in accordance with the First Time Homebuyer Program guidelines. Motion approved 6-0. ADJOURNMENT Motion made by Laurie Burzlaff, seconded by Robert Bernardin, to adjourn the meeting at 6:15PM. Motion approved 6-0. MEETING MATERIALS: Minutes of October 20, 2021 HOME fund grant application Down payment assistance program note and mortgage