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The Trust reported a current balance of $1,116,679.53, including $500,000 set aside for the Franklin Ridge senior affordable housing project. Members requested a clearer report tracking the Trust’s balance, paid requisitions, reserved funds, and future income.
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The Trust has paid three Franklin Ridge-related requisitions totaling $209,761, with another request for $27,013 approved but not yet paid. Staff will work with the town’s finance department to create a fund-tracking report for future meetings. Members also agreed to continue exploring first-time homebuyer, accessory dwelling unit, and emergency-repair assistance programs, while the Franklin Ridge housing lottery is expected to begin in 2027.
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