Trinity Financial was interviewed by the Medfield State Hospital Development Committee last night with respect to Trinity’s proposal to develop the former Medfield State Hospital site. My sense was that Trinity is willing to be exceedingly flexible, and to listen to and consider proposals for changes to what the town wants, if the town wants to further tailor the result to precisely what the town desires. So far Trinity proposes 334 rental units in the existing buildings, 25% affordable, meaning that all 344 should get added to the town’s SHI list of affordable housing units.
Trinity clearly thought that the site could allow for more development than the 334 units, should the town residents want to achieve more tax revenue so as to lower existing real estate taxes (any greater density would target getting more real estate taxes without adding more municipal costs, and hence would lower existing taxes).
Date: Tue, Aug 24, 2021 at 3:02 PM
Subject: Trinity interview
To: Kristine Trierweiler <email@example.com>
Last night’s interview with Trinity has been posted onto YouTube:
Nicholas J. MilanoAssistant Town Administrator