Franklin Affordable Housing Trust hears peer strategies
Franklin Affordable Housing Trust explores peer funding models and land strategies. Chair Christopher Vericker's board on May 14 heard presentations from Medford and Somerville on their affordable housing trust operations, while discussing potential application of MGL Chapter 40Y. Franklin Ridge
Municipal Affordable Housing Trust · Meeting of May 14, 2026
Franklin Affordable Housing Trust explores peer funding models and land strategies. Chair Christopher Vericker's board on May 14 heard presentations from Medford and Somerville on their affordable housing trust operations, while discussing potential application of MGL Chapter 40Y. Franklin Ridge submitted requisitions totaling $97,284 for consideration.
Two town-owned parcels are under review for development, the Shayne Road property is closing this month with affordability restrictions, and the town is seeking nonprofit partners for the Palomino Drive property through an Attorney General receivership process.
In the full story:
- The complete report — 271 words
Source: the Municipal Affordable Housing Trust meeting of May 14, 2026, compiled from the official minutes.
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