Section 6. Canton Affordable Housing Trust Fund 10-6
Section 6. Canton Affordable Housing Trust Fund 10-6 (a) Authority; establishment Pursuant to the authority of MGL c. 44, § 55C, there is hereby created a local municipal affordable housing Trust fund to be known as the "Canton Affordable Housing Trust" (hereinafter "the Trust"). (b) Purpose The purpose of the Trust shall be to provide for the preservation and creation of affordable and community housing in the Town of Canton for the benefit of low- and moderate-income households and for the funding of community housing, as defined in and in accordance with the provisions of chapter 44B. (c) Board of Trustees There shall be a Board of Trustees of the Canton Affordable Housing Trust Fund, composed of seven voting members. The members shall include: The Town Administrator, the Finance Director, the Town Planner, one member of the Select Board (chosen by the Select Board), a member of the Housing Authority (chosen by the Housing Authority), a member of the Community Preservation Committee (chosen by the Community Preservation Committee), and one citizen-at-large (appointed by the Select Board). The Select Board shall appoint the Trustees for terms not to exceed two years, except that three of the initial Trustee appointments shall be for a term of one year, so as to allow staggered terms. Said Trustees may be re-appointed at the discretion of the Select Board. Vacancies shall be filled by the Select Board for the remainder of the unexpired term. Any member of the Board of Trustees may be removed by the Select Board for cause after the opportunity of a hearing. (d) Declaration of Trust The Trustees are hereby authorized to execute a Declaration of Trust and Certificate of Trust for the Canton Affordable Housing Trust Fund, to be recorded with the Norfolk County Registry of Deeds and filed with the Norfolk Registry District of the Land Court. (e) Powers of Trustees The powers of the Board of Trustees, all of which shall be carried on in furtherance of the purposes set forth in MGL c. 44, § 55C, and inclusive of any future amendments to that section, and shall include the following: 10-6 Inserted under article 32, ATM May 22, 2021 42