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Minutes from the Affordable Housing Trust Fund meeting of the Town of Great Barrington held on October 22, 2024, discussing ongoing housing projects, approval of minutes, and financial planning for affordable housing initiatives.
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Who needs affordable housing trust fund?

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Individuals and families with low to moderate incomes who struggle to afford housing.
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Homeless individuals seeking stable housing.
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Non-profit organizations that provide housing assistance.
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Developers looking to create affordable housing units.
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An affordable housing trust fund is a dedicated source of funding for the development and preservation of affordable housing units. It aims to support initiatives that provide housing options for low- and moderate-income families.
Entities that receive funding from the affordable housing trust fund, including developers and non-profit organizations involved in affordable housing projects, are required to file the necessary reports.
To fill out the affordable housing trust fund application or report, you will need to provide details about the project, funding requests, financial projections, project timelines, and compliance with local affordable housing regulations.
The purpose of the affordable housing trust fund is to create, maintain, and expand affordable housing options, reduce homelessness, and address housing shortages for underserved populations.
Information that must be reported includes the number of units created or preserved, sources of funding used, project expenses, compliance with program requirements, and the demographics of households served.
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