Residents have until Feb. 21 to submit letters of interest to serve on the town's Board of Trustees for the new Affordable Housing Trust Fund.
A vote of the 2007 Fall Annual Town Meeting established the new board, which will provide for the creation and preservation of affordable housing for low- and moderate-income households. Under the state's Chapter 40B law, 10 percent of a community's housing is supposed to be affordable.
Money in the fund could be used to help a resident make a down-payment on a home with a deed restriction that keeps it affordable. Or, it could be used to extend an expiring restriction, officials said.
The 9-member panel will include one member of the Board of Selectmen; one Planning Board representative; a senior level banking official with experience in the affordable housing market; similar representatives from the real estate, construction and legal communities; and three residents from the community at large who have a strong interest in the creation and preservation of affordable housing.
Appointments are expected to be made at the Feb. 25 selectmen's meeting. Anyone interested is being urged to send a letter of interest to the Board of Selectmen, 13 East Central St., Natick MA 01760 or fax to 508-647-6401.
-- Michele Morgan Bolton
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