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The Housing Authority unanimously approved two 30-year loan and affordability-agreement extensions and conditionally approved placing its $558,071 in loans behind a new approximately $600,000 first mortgage for Aston Avenue Apartments.
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The decisions keep affordability protections in place through 2056 for Benton House at 325 Major Drive and Dutton Homes on Dutton Avenue. The Authority also approved a financing arrangement for Aston Avenue Apartments at 623 Aston Avenue that supports a planned ownership transfer while preserving its existing housing-related agreements and loans. All three resolutions passed 5-0, with two commissioners absent.
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