27:37A significant portion of the meeting was dedicated to exploring partnerships with local organizations like the Amherst Community Land Trust (ACLT), League of Women Voters, Habitat for Humanity, and Valley CDC. The aim is to organize educational outreach events that raise awareness about affordable housing initiatives beyond merely developing new units. One participant suggested holding a resource fair, where each organization could present their needs and opportunities for community involvement, such as land donations or volunteer work. This approach would enable community members to engage with various organizations and learn how they can contribute to affordable housing efforts.

17:43In discussing potential partnerships, the conversation also touched upon the recent success of a family who utilized a $125,000 subsidy to purchase a home. This case underscored the critical role subsidies play in bridging the gap between market prices and what families can afford. Members highlighted the legacy of Moran Adams, a founding board member who contributed resources to affordable housing. Her bequeathal of property and funds facilitated the renovation and sale of a historic home to a family at an affordable price.

53:40The meeting also underscored the importance of inclusivity and diversity in affordable housing. Concerns were raised about the lack of Black homeowners in the current demographic, prompting discussions on how to engage diverse populations in the housing process. It was noted that while immigrants comprise a portion of ACLT homeowners, there remains a gap in representation among other marginalized groups. The need for legal guidance on permissible actions to increase engagement with these communities was emphasized, alongside the ongoing development of resources for tenant rights and discrimination issues.

21:14The board members deliberated on innovative property gifting models, such as ground lease agreements that ensure properties remain affordable and owner-occupied. This model was exemplified by a homeowner who donated land while continuing to reside on it, with conditions that mandate future sales be tied to area median income increases. Such approaches, along with recent property transactions like the sale of a home on Logtown Road to a tenant at an affordable price, illustrate creative solutions to maintain housing affordability.

25:11Ongoing projects, like the potential conversion of a property on AMD Street into multiple family units, were also discussed. This initiative, still in the due diligence phase, involves the family selling the property for half its market value. Members expressed optimism about these collaborative efforts and the positive impact they could have on the Amherst community.

34:38The meeting concluded with a focus on organizing a mini resource fair to promote affordable homeownership opportunities. Targeting a smaller group of organizations was seen as a way to develop a cohesive strategy for engaging both potential donors and beneficiaries. Ensuring clarity in communication and managing expectations were highlighted as crucial elements to ensure successful outreach. The board members agreed to follow up with organizations like Habitat for Humanity and Valley CDC to gauge their interest in collaborating on such an event.