Pursuant to Governor Baker's March 12th, 2020 order suspending certain provisions of the open meeting law and Governor Healy's March 28th, 2025 revised order extending remote participation by all members in any meeting of a public body.

This meeting of the Great Barrington Affordable Housing Trust will be conducted via remote participation to the greatest extent possible.

Specific information and the general guidelines for remote participation by members of the public andor parties with the right andor requirement to attend this meeting can be found on the town's website, town of GB.org.

For this meeting, members of the public who wish to listen to the meeting may do so per the instructions on the agenda on the website.

No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings in real time via technological means.

All votes will be roll call vote.

Our first agenda item is the July minutes.

Motion to approve the July minutes.

Second.

Do

you want to abstain?

Yes, yes.

I wasn't there.

Peter.

Aye.

Fred?

Aye.

And I will also abstain.

So what does that mean?

It doesn't affect quorum.

If if Garfield and I voted no, then it would be a tie.

But

moving

unanimous.

I guess unanimous with two abstentions, I guess, would be the way to say that.

Moving on to reports.

The FY26 June financials.

And I'll just share my screen so that members of the public can see what we're discussing.

Folks can see okay.

Let

me see if I can help you out with that, Garfield.

How's

that?

Better thank

you.

Um it's really not a departure from what we had previously discussed.

I think the main uh thing that I just want to call people's attention to, I'm going to switch to another tab.

Uh this shows the um rental assistant grants with construct, and I believe the minutes referenced that the July payment, the calculation on constructs invoice for the balance was different than the towns, and that's just an error on their part.

Um, so at the end of June, the balance was 24,520, and then the the July invoice was against that balance.

Yes, Fred.

Um, at the time the minutes were written, we were aware of the correction.

So the minutes record the actual statement that was made during the meeting with a post-meeting note added to show the correct amount.

Okay, and so I just wanted folks to be able to see that here.

Um, are there any any discussion of FY26 before we move on to budgeting?

Oh, only the we had encumbered um a hundred and hundred thousand dollars representing four down payment uh assistance grants that turned out to not be made towards uh primarily the habitat homes.

They were not closed on, they didn't have a real estate closing within that period, so we're carrying that number forward.

I don't think that we actually um encumbered those funds.

We just we budgeted as we budgeted all of our funds.

uh assistance grants that turned out to not be made towards uh primarily the habitat homes they were not closed on they didn't have a real estate closing within that period so we're carrying that number forward i don't think that we actually um encumbered those funds we just we budgeted as we budgeted all of our funds um and it would and it is accurate to say that here you can see under the north plain road line that we budgeted for 150 000 and down payments and only had two at north at the prosperity way um yeah i mean we had a vote Bill has joined us I'm gonna promote him great um we we yes we didn't encumber the funds but we had set them aside and in uh in our budgeting that's correct um so second question under the loan program on the screen that you're showing now uh you're showing 27000 is that more accurately the 24 000 you just showed us can you ask that in a different way so I can I didn't follow uh I'm sorry it's not I'm I think I'm confused somehow you're talking about the down payment loan oh no no no I see I see it's the north I'm I I withdraw the question because we have uh under the previous budget 127 000 partially north plain road and partially for others um i thought we had made two grants during that period um three grants in the last fiscal year or three loans in the last fiscal year one to here we can review them here um one in January to Camille Stanton on railroad Av so that was not prosperity way and then in April to um it's 13 Prosperity Way and 17 Prosperity Way yeah it's just the problem with relying on your memory and and getting the dates mixed up so uh thank you for clarifying yeah any other discussion of FY26 financial activity all right let's move on there welcome Bill um so that means we're really moving into new business which will begin with picking up FY27 budgeting and share my screen again see if I can get that a little bigger for you Garfield how's that good thank you um so this incorporate like starts with our starting balance um based on what Chris has sent me from the town um they by September we may have an update to earned interest so the income might we'll might be able to add um more income in that first quarter uh and the I populated the expenses based on our June discussion but that was meant to we we had discussed having further conversation after reviewing the habitat um quarterly report in July uh because that I think a lot of our discussion was around what we wanted to set aside um in total for uh rent uh for the down payment loan so what this I don't think that this this split of 100 000 for north plane and 175 is actually reflecting the two different like the two lines I think that the hundred thousand is actually the carryover from FY26 in our conversation and the 175 is what we were talking about adding if we add if we covered everything that could be could be closed on in this fiscal year on prosperity way um can we just stick on the the sort the resources and the funds first before we move on to the expenditures so the new money is the fiscal year 27 community preservation act funds were carrying 160,810 and 50 cents over that were 26 fiscal year 26 funds some of which are as we said allocated or or at least budgeted for closures that didn't happen and things like that.

So

we didn't allocate.

And I'm not I'm not actually disagreeing with setting that aside.

Are we are CPA funds restricted to that purpose at this point?

No.

We had we've not done anything that makes that restriction.

So as I read this, we have 65,716 and 94 available, but of that over 100,000 is the short-term rental fund and 16,000 is interest.

So it's kind and the another 95 from the remainder of the special revenue fund that was uh helped us to set up.

Yeah, go whatever there's six hundred and fifty thousand dollars and you know 700 change, right?

605, but yeah.

Yes.