In a recent meeting of the Board of Trustees of the Affordable Housing Trust in Southborough, Massachusetts, discussions centered on the urgent need for affordable housing and the challenges faced in acquiring suitable properties. The meeting highlighted the importance of acting quickly when potential properties become available, as the demand for affordable housing continues to rise in the community.
Trustees expressed concerns about past properties that had raised issues within the community, emphasizing the need for due diligence in property acquisitions. They reassured attendees that the trust takes community concerns seriously and is committed to using funds responsibly. One notable example discussed was the attempt to purchase a property on South Oaks Road, which was ultimately unsuccessful due to being outbid. The trustees noted that acquiring such properties could significantly improve local neighborhoods, particularly those with deteriorating buildings.
The conversation also touched on the potential acquisition of a property on Atwood Road, which is currently owned by the town. The trustees acknowledged that any move to purchase this property would require a vote at town meeting, reflecting the trust's commitment to transparency and community involvement in decision-making.
Overall, the meeting underscored the trust's focus on exploring opportunities for acquiring single-family homes, with plans to renovate and either rent or resell them at affordable rates. As the trustees navigate these challenges, they remain dedicated to addressing the community's housing needs while ensuring responsible use of resources. The discussions set the stage for future actions and highlighted the ongoing dialogue between the trust and the community regarding affordable housing initiatives.