Wednesday, May 8, 2019

Live reporting: Senior Housing Project

b. Franklin Ridge Senior Housing Proposal

3 story building to meet an increasing need for Senior housing in Franklin
60% of Boston amount for income qualification

Eaton Place - 50 unit housing already in area

mimic some of the design used at Eaton Place
ledge primarily but to be landscaped all around

up to 3 years to get the financing needed
anticipate 2024 completion for occupation

looking for support

Jones - I am looking forward to this project
check on freezing water pipes in the existing building, hopefully to avoid in the new building
meeting with Eaton Place next week, meeting with Abutters as well

we are working with the Housing Trust and the Town
Eaton Place had a HUD2 design requirement limitation we are going with State requirements to avoid

Housing Trust did commit $500K and the land towards the project
working with low income housing tax credits and housing program to secure the financing necessary

Hamblen - any open space left?
Yes, another 8-10 acres being reserved for future housing options

Eaton Place meeting scheduled for May 17, 10:00 AM
most of the HUD components have shifted to the state level since the last time
don't need a co-sponsor like we did need at Eaton Place

Resolution 19-31: Franklin Ridge Senior Housing Development (Motion to Approve Resolution 19-31- Majority Vote (5))
motion to approve, seconded, passed 9-0

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