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 amended 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 minimum 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.