Affordable Housing Trust plans meeting to resolve funding issues

February 28, 2025 | Town of Southborough, Worcester County, Massachusetts


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Affordable Housing Trust plans meeting to resolve funding issues
The Southborough Community Preservation Committee convened on February 27, 2025, to discuss several key topics, including scheduling future meetings and addressing financial concerns related to the Stockwell unit.

During the meeting, members confirmed that the next gathering would tentatively take place on March 5, 2025, despite it coinciding with Ash Wednesday. The committee agreed on a time of 7 PM, ensuring that all members could attend without conflicts.

A significant portion of the discussion focused on the financial implications of the Stockwell unit. Committee members expressed the need to clarify whether funds previously transferred for this unit must be returned to the Community Preservation Committee (CPC). There was uncertainty regarding the exact amount involved, which could potentially affect the $100,000 currently being held back. The committee emphasized the importance of rectifying any past financial discrepancies to comply with legal requirements.

Additionally, the committee discussed the necessity of reaching out to town council for guidance on these financial matters. Members expressed confidence in the council's ability to assist in drafting necessary agreements and ensuring compliance with regulations.

The meeting concluded with a motion to adjourn, highlighting the productive discussions and the committee's commitment to addressing outstanding issues. The next steps will involve further investigation into the financial concerns and preparation for the upcoming meeting.

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Scribe from Workplace AI
Scribe from Workplace AI