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The Trust voted 7-0 to authorize a letter supporting Annual Town Meeting Article 26, including $785,500 for the affordable housing trust and $39,000 for the Regional Housing Services Office. Members also reviewed the proposed six-unit acquisition of 91B Main Street, budgeted at $629,000, and reported that Concord would need about 199 additional restricted affordable units to reach 10% of its year-round housing stock.
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The requested Community Preservation funding would give the Trust more money to support affordable housing projects and act when opportunities arise. The Trust is continuing to evaluate 91B Main Street for a potential six-unit affordable housing project, subject to environmental review and further development estimates. Members noted that upcoming projects could raise Concord’s subsidized housing inventory to 16.14%, but only 7.24% of year-round homes would be restricted as affordable.
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