1. Update on Affordable Housing to Board of Selectman
1/24/2017

2. Danvers Affordable Housing Trust
Gardner Trask, Chairman
Carla King, Vice-Chairman
Don Gates, Treasurer
Tish Lentine, Secretary
John Alden
Stacey Bernson
Sally Calhoun
Purpose:
The purpose of the Trust Fund shall be to receive, hold, invest and/or expend funds for the acquisition, rehabilitation, renovation, construction, financing or refinancing of property within the Town of Danvers so that such property will be substantially available as affordable housing to further provide mechanisms to ensure and increase such use.

3. Housing Production Plan Strategies in Housing Production Plan
2017 Update
Housing Production Plan
Endorsed by Board of Selectman 2014
Approved by Department of Housing and Community Development (DHCD) 2014
Strategies in Housing Production Plan
Ensure that all eligible affordable units are added to Subsidized Housing Inventory (SHI)
[22 to date]
Identify and make available town owned land for affordable housing development.1
Create an inventory of vacant, abandoned or underutilized land.
Support rental subsidy program administered by Danvers Community Council
Partner with private developers

4. Conifer Commons – 90 units
Supported Projects:
Single family
55 Coolidge Street – 1 unit
Two Family
22 Cherry Street
Condo
1 Venice Street – 2 units
26 Mill Street – 2 units
356 Andover Street– 18 units
Apartment
Conifer Commons – 90 units
78 Holten Street – 1 unit

5. 26 Mill Street
2 Townhouse Style
Condominiums
Transferred 8/22/2014

6. Single Family Residence
55 Coolidge
Single Family Residence
Transferred 12/14/2015

7. ?’s

8. NEXT! Laurine Road 1960 Tax Taking foreclosure
Lot size: 8,140 square feet
Zoned R2 (R=Residential)
Neighborhood
Established with 12 ranch style homes constructed in Colonial dwelling constructed 1993.
Lot sizes 8,000sf – 10,000sf.
Current code for R2 is 20,000sf per lot.
The Trust respectfully requests for the Laurine Road property to be transferred to the Trust.
The Trust will partner with an affordable housing developer to build a single family home, selected through an RFP.
The Trust will, as part of the RFP, encourage the developer to work with Essex Tech.
The Trust will provide support the for the project through the transfer of the property and provide some financial assistance for the project .
The developer will ensure that the property is added to the Town’s SHI

9. TARGET DATES FEBRUARY Approval & Transfer of property to the Trust
MARCH RFP issued
APRIL Selection of Developer; commitment from Essex Technical High School
MAY Transfer ownership to Developer
JUNE Permitting
JULY/AUGUST Site Prep / Foundation
SEPT – JUNE Construction
JUNE Occupancy, eligible to be included in SHI

10. LAURINE