Municipal Affordable Housing Trust
The Affordable Housing Trust (AHT) was formed to preserve & create affordable housing units. The Trust was established through an affirmative Town Meeting vote at the May 2006 Annual Town Meeting (Article 13). The Declaration of Trust was recorded at the Registry of Deeds in September 2010. The AHT ammended its Declaration of Trust in July 2012 to allow for additional members, from a maximum of 7 to a maximum of 9. The AHT must have a minumum of 5 members, one of which must be a member of the Board of Selectmen.
The AHT receives funding through a CPA appropriation at Town Meeting. A Trust allows the Town of Hudson to act quickly to purchase property, to prevent an affordable unit from being sold at market rate or from going into foreclosure. Otherwise, the Town would need Town Meeting action, which only happens twice per year. The AHT meets on an as needed basis.
Hudson's Housing Consultant
Five municipalities - Bolton, Boxborough, Littleton, Hudson & Stow - collaborated to hire a regional housing consultant to help us all with our varying housing needs. Hudson was the lead community in this regional collabortive effort. These communities, as with most communities in the Commonwealth, are interested and motivated to preserve their affordable housing stock as well as creating new affordable housing. As with most municipalities, the task of managing the affordable housing inventory is not a specific assignment for municipal staff. Generally, the Planning or Community Development Office is responsible for any municipal activity required, and often this is an adjunct part of the job responsibilities and often not in the job description at all.
Due to the infrequency of the tasks, the complexity of the regulatory requirements and the many options available for local initiatives, maintaining the required technical skill for in-house staff is difficult. Communities often turn to independent private housing consultants for assistance on specific projects or on-going general support. This regional housing approach will allow communities to opt in for a-la-carte services, based on specific town need & funding availability. Monitoring services are based on a town’s number & type of housing units. Local support services will provide assistance on specific projects, program creation, and locally-sponsored unit creation and administration.
We received 3 responses to the RFP. In January 2014, we selected Metrowest Collaborative Development, Inc. (MWCD) as our consultant. MWCD a non-profit company with very experienced with monitoring & program creation. MWCD is also a non-profit developer, so they could manage anything a town wanted to build or renovate. There are 2 parts to their contract. The first part is for base services: monitoring, database creation for all units on the state-certified Subsidized Housing Inventory (SHI) & handling resident inquiries. The second part is for local support services: program development, writing guidelines, administering programs, managing projects. The 5 participating towns pay only for actual billable hours. Participating towns have options to renew the contract for up to 2 more
Of the 5 participating towns, Hudson has the most units on the SHI (730). The AHT is also very interested in program creation, such as creating a down-payment assistance program.
- Need information on affordable housing or affordable rental opportunities?
- Thinking about selling or refinancing your affordable house?
- Are you investigating a development opportunity?
The Towns of Bolton, Boxborough, Hudson, Littleton and Stow have recently teamed up to be able to answer your questions through a contract with Metro West Collaborative Development, Inc., a non-profit community development corporation that is working on affordable housing issues in many of the Metro West communities.
Click the image above to print a .PDF version of this flyer.