Hinkley South Request for Proposals Submitted to the Medfield Affordable Housing Trust February 2021 Tamposi Brothers Holdings 32 Pine Hill Road, Unit A Nashua, NH 03063 978-419-1699 Tamposi Brothers Holdings February 26, 2021 Kristine Trierweiler, Town Administrator Office of the Board of Selectmen 459 Main Street Medfield, MA 02052 RE: Hinkley South RFP Submittal Dear Ms. Trierweiler and Medfield Affordable Housing Trust: Tamposi Brothers Holdings, LLC is pleased to submit the following proposal for the Hinkley South RFP. Our proposed development plan is for 24 duplex homes, age- restricted to haVe at least one member of the household over the age of 62, with six of the homes affordable to households earning 80% of the area median income. The development is anticipated to be permitted through the Local Initiative Program of Chapter 40B. We very much look forward to the opportunity to pursue the deVelopment of the property, and we would like to thank the Medfield Affordable Housing Trust for reviewing and considering our proposal. Tamposi Brothers Holdings hopes to be selected to develop this important housing for Medfield’s seniors. My team and I await the opportunity to further discuss our proposal and hear your feedback. In the meantime, please contact me with any further questions or comments. Please note, that I am a licensed Massachusetts real estate broker; however, I am not acting as an agent and there is no representation or agency relationship in connection with this proposal, and I expressly disclaim and waive any right to a commission or fee associated therewith. Thank you, Joe Tamposi Tamposi Brothers Holdings 978-419-1720 T: 978.419.1720 32 Pine Hill Road, Unit A, Nashua, NH 03063 E: [email protected] Contents Developer Qualification, Experience and Financial Capability • Developer Background • Anticipated Development Team • Development Experience • List of References • Letters of Reference Development Program Concept • Home Design and Sustainability Narrative • Schematic Home Plans and General Dimensions • Site Design Narrative • Conceptual Site Plan • Preliminary Waiver List • Project Schedule • DHCD Pro Forma Price Proposal • Forms A, B, and C (Purchase Price Proposal) • Summary of Fiscal Impacts and other Public Benefits Appendix • Comparable Market Analysis Developer Qualifications, Experience, and Financial Capability Developer Background Tamposi Brothers Holdings brings an exceptional standard of care to the homes that we build. Our principals, Joe and Jake Tamposi, come from a family that has built over 5,000 homes over three generations. Having been born and raised in the new construction business, we know firsthand how meticulous attention to detail and strong financial discipline are the keys to providing our residents with the best possible value and best future lifestyle. We have a deep-rooted passion for providing outstanding housing opportunities for senior residents. We grew up in and are active partners in the development of The Villages of Citrus Hills, an ongoing 10,000-acre master-planned community in Florida originally conceived by our grandfather in the 1960’s. Each year, we build hundreds of homes, primarily for residents over the age of 60, and Citrus Hills consistently ranks among Where to Retire Magazine Magazine’s Top Master-Planned Communities in the America. From this experience, we appreciate how careful design considerations and thoughtful floor plans can improve the lives and lifestyles of senior residents. In New England, we are actively developing new homes and affordable housing communities under M.G.L. Chapter 40B. Through our permitting entity, Comprehensive Land Holdings, LLC, we have shepherded several projects through the financial feasibility and site eligibility processes with MassHousing and are currently conducting three comprehensive permit hearings before local zoning boards. We appreciate the regulatory framework, challenges, and importance of developing affordable housing in Massachusetts. At the same time, we have also permitted, built, and completed complex projects through local special permit, open space, and wetlands and storm water bylaws. At Hinkley South, we look forward to combining our expertise in designing homes for seniors and our experience in developing affordable housing to create an exceptional community. Anticipated Development Team Tamposi Brothers Holdings, LLC has had the privilege of working with a number of development partners with specific expertise in affordable housing, project sustainability, and site design. Anticipated members of the development team include: • Site Civil: DeCelle-Burke-Sala. Inc. • Survey: Sullivan, Connors, and Associates, Inc. • Architecture: Lorigan Architects • Landscape Architecture: Verdant Design • Legal: Regnante-Sterio, LLP • Affordable Housing Lottery: SEB Housing • Green Energy and Sustainability: Energy Code Advisors, Inc. • Financial Partners: Salem Five Cent Bank, or other local lender, and private equity from Tamposi Brothers. Development Experience The Villages of Citrus Hills Citrus County, Florida Housing Type: Master-Planned, Senior/Active Adult Status: Ongoing Multi-Decade Project Total Development Value: Over $100 Million The Villages of Citrus Hills is 10,000-acre master planned community, with over 5000 homes built and over 2000 homes to be built primarily for retirees seeking to enjoy a resort lifestyle. The development has been ongoing for over fifty years, and three generations of the Tamposi Family have partnered in the planning, development, and construction of thousands of homes. 648 Canton Avenue Milton, Massachusetts Housing Type: Affordable Housing Status: Comprehensive Permit Hearings Total Development Value: $44.9 Million 648 Canton Ave is a 124-unit garden style apartment community being developed under Chapter 40B. The development brings much needed affordable rental housing to the Town of Milton. 582 Blue Hill Avenue Milton, Massachusetts Housing Type: Affordable Housing Status: Comprehensive Permit Hearings Total Development Value: $45.9 Million Blue Hill Avenue is a 118-unit garden style apartment community being developed under Chapter 40B. The development brings much needed affordable rental housing to the Town of Milton. Townhomes at Beatrice Circle Belmont, Massachusetts Housing Type: Affordable Housing Status: Comprehensive Permit Hearings Total Development Value: $8.5 Million The Townhomes at Beatrice Circle is a 12-unit townhome development being permitted in Belmont Massachusetts. The community offers affordable options for families in an area of opportunity, which has been demonstrated to help improve economic mobility across generations. Moore Road Conservation Cluster Wayland, Massachusetts Housing Type: For Sale Status: Completed Total Development Value: $5.8 Million Under the Town of Wayland’s Conservation Cluster Bylaw, Tamposi Brothers developed 3 new homes and renovated an existing 19th Century farmhouse at 74 Moore Road in Wayland. The development involved a special permit and careful work within wetlands buffers. 87-91 North Main Sherborn, Massachusetts Housing Type: For Sale Status: Completed Total Development Value: $2.0 Million 87-91 North Main was a two-home subdivision in the Town of Sherborn. The project involved the restoration of the circa 1817 Benjamin Dowse House. 20 Powers Road Sudbury, Massachusetts Housing Type: For Sale Status: Completed Total Development Value: $1.0 Million 20 Powers Road was a luxury single family home in Sudbury Massachusetts 378-380 Main Street Medfield, Massachusetts Housing Type: For Sale Status: Under Construction Total Development Value: $2.0 Million 378-380 Main Street was a two-home development in the Town of Medfield. The project involves the careful addition and renovation of the stately home at 378 Main Street and the construction of a new home at 380 Main Street. Emmeline Path Conservation Cluster Wayland, Massachusetts Housing Type: For Sale Status: Permitting Total Development Value: $6.0 Million Under the Town of Wayland’s Conservation Cluster Bylaw, Tamposi Brothers is permitting a five-home subdivision that seeks to preserve the 19th Century Dr. Frank W. Draper House. The project proposes to develop a cluster of cottage-style homes behind the historic home and preserve a significant pine stand as protected open space. Brookline Woods Phase I Brookline, NH Housing Type: Affordable Housing Status: ` Permitting Total Development Value: $12.1 Million The Town of Brookline, New Hampshire has a lack of affordable rental opportunities to support a growing workforce. The proposed project seeks to develop 40 townhomes while preserving over 20 acres of open space using tax credit financing. References Ben Branch Assistant Vice President BBT/Truist Bank 352-586-2007 Mr. Branch has been a construction lender with BBT/Truist Bank for the Villages of Citrus Hills’ cleints for nearly 30 years. Mr. Branch can attest to the quality, reputation, and expertise of the Tamposi Family and Tamposi Brothers as developers. Mark Leff Senior Vice President Salem Five Bank 978-720-5434 Mr. Leff acted on behalf of Salem Five as the construction lender for North Main Street in Sherborn. In addition, Mr. Leff and Salem Five served as the New England Fund interested bank for several Tamosi 40B projects. As such, he can speak to Tamposi Brothers track record of living up to its financial obligations, experience with MassHousing, and general financial ability. Vito Colonna Professional Engineer Sullivan, Connors, and Associates 978-443-9566