Housing trust plans Franklin Ridge succession and explores CPA partnership.
Franklin's Municipal Affordable Housing Trust discussed succession planning for affordable housing initiatives beyond Franklin Ridge's expected lease-up in early 2027. Chair Christopher Vericker and trustees Kimberly Mu-Chow, Susan Younis, and Mark Minnichelli, alongside Amy Love of the Department
DocumentCenter · Meeting of March 12, 2026
Franklin's Municipal Affordable Housing Trust discussed succession planning for affordable housing initiatives beyond Franklin Ridge's expected lease-up in early 2027. Chair Christopher Vericker and trustees Kimberly Mu-Chow, Susan Younis, and Mark Minnichelli, alongside Amy Love of the Department of Planning and Community Development, explored potential partnership with the Community Preservation Act for first-time homebuyer grants. Discussion centered on the Trust's uncommitted funds and the persistent challenge of 40B affordable housing buyouts, through which builders can opt out of commitments after obtaining zoning relief.
The Trust plans to consult with Vice Chair Chris Feeley, who serves on the CPA and Franklin Housing Authority, about coordinating affordable housing efforts across the three entities.
In the full story:
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Source: the DocumentCenter meeting of March 12, 2026, compiled from the official minutes.
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