Housing Trust Fund Board of Trustees members are appointed by the Town Manager for terms of 3 years.
The purpose of the Trust is to provide for the preservation and creation of affordable housing in the Town of Andover for the benefit of low and moderate income households.
To implement the purpose, the Trustees are authorized:
1.)to acquire by gift, purchase or otherwise real property, personal property, or money, both tangible and intangible, of every sort and description
2.)to use such property, both real and personal, and money in such manner as the Trustees feel most appropriate in order to carry out the purpose; provided, however, that all property and money held by the Trust and the net earnings thereof shall be used exclusively for the preservation and creation in the Town of Andover of affordable housing for the purposes for which this Trust was formed.