OTHERRECOMMENDED

Housing Advisory Board Agenda July 2025

Brookline Recommends Victory Programs for Property Acquisition

$3,000,000 (property offer); $2,500,000 federal grant associated with projectBrookline School DistrictVICTORY PROGRAMS INCJuly 30, 2025

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Description

The Housing Advisory Board recommended that the Town of Brookline assign its right of first refusal to acquire 16 Williams Street to Victory Programs, Inc. Victory Programs proposes to purchase and preserve the property as affordable housing for families recovering from substance use, backed by a federal grant and acquisition lending sources.

Contract Details

Contract Amount

$3,000,000 (property offer); $2,500,000 federal grant associated with project

Vendor

VICTORY PROGRAMS INC

Agency

Brookline School District, MA

Contract Type

OTHER

Document Date

July 30, 2025

Contract Term

anticipated closing by December 1, 2025 (operational timeline); property acquisition rights up to September 2, 2025 commitment deadline

Renewal Date

2025-12-01

Renewal Info

Agreements and assignment are subject to Select Board approval and must be finalized before the September 2, 2025 commitment deadline. Future renewals not detailed; long-term deed restrictions planned for affordable housing use.