How do the historic tax credits work?

Trinity proposes to undertake certified rehabilitations of all the buildings in the Disposition Area (excluding Buildings 10 and 27B) utilizing state and federal historic tax credits. The scope of work, to be reviewed and approved by the National Park Service  and Massachusetts Historical Commission, will be consistent with the Secretary of the Interior’s Standards for Rehabilitation of Historic Properties and the Hospital Farm Historic District historic district design guidelines. Trinity understands the Cultural Alliance of Medfield is undertaking a certified rehabilitation of Buildings 24 and 25 for reuse as a Cultural Arts Center. As the property is a “functionally related complex” as defined by the NPS for the historic tax credit program, Trinity will work cooperatively with CAM to ensure that all work undertaken by both parties meets the required standards for approval.  

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1. What is the status of the Medfield State Hospital redevelopment effort?
2. How can I find out more about the Medfield State Hospital and the proposed redevelopment?
3. Will Medfield residents take a vote on whether to approve the sale?
4. When is the Special Town Meeting?
5. What will we be voting on at Town Meeting?
6. What is the threshold needed to approve the proposed sale at the Town Meeting?
7. Will the proposed Land Disposition Agreement that the Town will sign with Trinity be available for review before the Special Town Meeting?
8. What is the Trinity Financial’s proposal? What type of housing is proposed?
9. What happened to the concept of including commercial space, stores and restaurants?
10. Are there any affordable housing units in the project?
11. What costs has the Town incurred since purchasing the Medfield State Hospital from the Commonwealth of Massachusetts? Has the Town generated revenue from leasing out the property?
12. What are the projected revenues and expenses (fiscal impact) to the Town if the property is developed in accordance with Trinity’s proposal?
13. What is the Trinity Financial’s proposed purchase price?
14. What kind of public access will there be if the sale is approved?
15. Is there a map of the parts of the MSH property proposed for disposition?
16. Will the North Field and trails remain open and be accessible to the public for both humans and canines?
17. How will people park and access the Overlook and trails?
18. How will this development affect the Town’ water and sewer systems? Do we have enough capacity to support this development?
19. How many units of housing will there be? Will they be rental apartments or ownership condos?
20. What is the largest and smallest unit type? (SF)
21. Will there be housing options reserved for seniors on site?
22. What about public access?