Background and Information

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Background and Information

(Listed In Chronological Order)

  • April 2013 – Corcoran first contacts the Town about its plans to purchase Weiss Farm and develop up rental dwelling units
  • July 22, 2013 - Corcoran writes the Board of Selectmen regarding the proposed development, not including details, such as the number of dwelling units, number and size of buildings or layout of the site.
  • On October 2, 2013, John M. Corcoran and Company (“Corcoran”) filed an application for a “Project Eligibility Letter” with MassHousing. 
  • The proposed development for which a Project Eligibility Letter is sought by Corcoran has:- 264 rental apartments homes, including 66 affordable units:

    - 264 rental apartments homes, including 66 affordable  units:
            - 27 studios
            - 105 one-bedroom units
            - 114 two-bedroom units
            - 18 three-bedroom units

  • On October 2, 2013, John M. Corcoran and Company (“Corcoran”) filed an application for  a “Project Eligibility Letter” with MassHousing. 
  • MassHousing -  link to Website: https://www.masshousing.com/portal/server.pt/community/home/217
  • Also and formerly known as the Massachusetts Housing Finance Agency (“MHFA”)
  •  As explained in MassHousing’s Website:

“MassHousing was created by an act of the Massachusetts Legislature in 1966 as an independent public authority charged with increasing affordable rental and for-sale housing in Massachusetts. Since making our first loan in 1970, the Agency has provided more than $13 billion in financing for the construction and preservation of affordable rental housing, and for affordable loan products for homebuyers and homeowners.” 

The MassHousing Mission: MassHousing, the state's affordable housing bank,  supports the creation, preservation and long-term viability of affordable  homeownership and rental housing opportunities for Massachusetts residents with modest incomes. MassHousing is a self-sustaining agency and does not use taxpayer dollars in its programs.”

  • Board of Selectmen Public Meeting for a presentation by Corcoran regarding its Application/Proposal to MassHousing – Tuesday, November 12, 2013 beginning at 7:00 p.m.
  • Deadline for comments by Board of Selectmen to MassHousing extended to Friday, December 20, 2013.
  • Public Comments may be submitted to the Board of Selectmen and/or MassHousing  (See  above section: “Updates and Important Information and Events” for deadlines.