HomeMy WebLinkAbout2023-08-08 Affordable Housing Trust Minutes
North Andover Affordable Housing Trust
Meeting Minutes
August 8, 2023
Present: Laurie Burzlaff, Richard Vaillancourt, George Koehler and Joan Fitzgibbons
Absent: Christopher Jee and Robert Bernardin
Meeting was called to order at 5:35PM in the Select Board Meeting Room at Town Hall.
Approve minutes of May 9, 2023
Motion made by Joan Fitzgibbons, seconded by George Koehler to approve the minutes of
May 9, 2023. Motion approved 4-0.
Financials were distributed to the Committee.
20 Brown Court
Annmary Connor presented information regarding Bread and Roses request for a loan from the
Trust. The Trust is providing Bread and Roses with $250,000 already to build two units. They
are requesting an additional amount of $128,000 for the land purchase. This will save them
having to pay interest and fees on the property. They are waiting on a grant from the state and
once they get that, they will begin building. It will take approximately one year to complete and
once sold, the Trust will be paid back the $128,000. Ms. Burzlaff noted that the Trust has done
this in the past with Bread & Roses. Mr. Vaillancourt noted that there is enough cash flow in the
account to allow for this.
Richard Vaillancourt made a motion, seconded by Joan Fitzgibbons to extend a loan to Bread
and Roses in the amount of $128,000 with zero percent interest to be paid back at closing of 20
Brown Court. Motion approved 4-0.
Housing Production Plan stakeholder committee
Tabled until next meeting.
149 Main Street (inclusionary zoning) project update
No update
Senior Home Repair Program
Tabled until next meeting
Fountain Drive
No update
Public Comment: Peter Koesterherm introduced himself. He is interested in joining the
committee. He is retired and willing help out in whatever way he can. He has already
interviewed with the Select Board appointment subcommittee and hopes to be appointed in the
near future.
ADJOURNMENT
Motion for adjournment made by Richard Vaillancourt, seconded by George Koehler. Motion
approved 4-0.
MEETING MATERIALS:
Minutes of May 9, 2023
Financials
Letter from Bread & Roses