Housing Trust Board approves prior minutes, advances ARPA lending framework
Lowell Affordable Housing Trust Fund approves prior meeting minutes, discusses ARPA lending guidelines. The board voted 3-0 to approve minutes from the March 18, 2026 meeting, with Chairperson Eric Netson, Administrator George E. Coutouras, City Manager Thomas Gotden, and Ex Officio LHA Director
Affordable Housing Trust · Meeting of May 20, 2026
Lowell Affordable Housing Trust Fund approves prior meeting minutes, discusses ARPA lending guidelines. The board voted 3-0 to approve minutes from the March 18, 2026 meeting, with Chairperson Eric Netson, Administrator George E. Coutouras, City Manager Thomas Gotden, and Ex Officio LHA Director Tha Chhan present.
ARPA Finance Manager Jessica Finocchiaro outlined funding guidelines noting that fully affordable projects could access up to 100 percent ARPA funding under presumptive eligibility, with the proposed model matching 20-year loan amortization to 20-year affordability restrictions. City Manager Gotden raised questions about early loan payoff options and the December 31, 2026 deadline; Finocchiaro indicated CFO Conor Baldwin has contingency plans in place.
In the full story:
- The complete report — 256 words
Source: the Affordable Housing Trust meeting of May 20, 2026, compiled from the official minutes.
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