Affordable Housing Trust Board

General Responsibilities and Duties

Summary:

1. The purpose of the Southampton Affordable Housing Trust is to provide for the creation and preservation of affordable housing for the benefit of low- and moderate-income households and for the funding of community housing, as defined in and in accordance with the provisions of chapter 44B (Community Preservation Act statute).

2. The Trust must have a minimum of five trustees, including one member of the Select Board, and four qualified residents who bring to the Trust relevant personal and/or professional experience, knowledge or interest in real estate, finance, affordable housing, banking, architecture, social services, or the like.

3. Trustee appointments are made by the Select Board. Trustees serve for a term of two years, except that two initial appointments are made for one year only so as to allow staggered terms. The Select Board may appoint the town administrator as an additional member or chair of the board, with or without the power to vote.

4. Trustees’ powers include purchasing, receiving, managing and selling property, executing contracts, employing advisors and agents, managing Trust funds, and taking out loans.

5. Funds are generally kept in a municipal account through the municipal treasurer. All funds in the account remain the trust property and spending decisions are made by trustees.

6. Trusts must annually report to the Community Preservation Committee how they are spending CPA funds. A report form, developed by Mass Housing Partnership and the Community Preservation Coalition, is available at: housingtoolbox.org/local-tools/housing-trust-funds.

 

 

 

Members of Committee

Select Board Liaison -- 

Position	Name	Term Expires
	Matthew Manganelli	2027
	MaryAnne Kuroczko	2027
	Kathy Caputo	2028
	Joy  Piper	2027
Town Administrator	Scott Szczebak