The purpose of the Trust shall be to provide for the preservation and creation of affordable housing in the Town of Lexington for the benefit of low and moderate income households and for the funding of community housing.
There shall be a Board of Trustees, which shall include no less than five and no more than nine Trustees, including one member of the Select Board, each of whom, to the extent possible, shall have a background or interest in affordable housing, including a resident with a low- or moderate-income, and who, together, shall have a background in finance, law, real estate or real estate development.
At least quarterly
Agendas & Minutes
Agendas are available online prior to the meetings. Minutes are available following approval.
Appointed by: Select Board
Term: 2 years