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document.s may be inconsi .?tent with those oi<br />
NasslIousinq; <strong>Mass</strong>llousiny policy i.s not. law. To the<br />
extent that. any HAC decision has purport-ed to<br />
11<br />
recogni ze" the auLhoriLy of a .:;ubsi di zing aqency 0 ~ ~ 1 7 -<br />
any municipal board, such decision is iilt-ra vires and<br />
exceeds the sLatutory aut.hnrity of the HAC. see<br />
17<br />
Woburn, 451 <strong>Mass</strong>. 501 (2008).<br />
." ~.<br />
The Board's concerns pertainirig 'Io reyulatory<br />
documents, and Lo <strong>Mass</strong>Housj.ng' s capaci t.y and<br />
willingncss Lo provide requl atory oversiqht of this<br />
project, are well-founded. As tiic IrispccLor Gcncral<br />
of the Commonwealth has amply docurricriLcd, past<br />
performance in monitoriny the 1imit.ed dividend<br />
"As additional leqal authority ior i C s posiLiori, Llic<br />
~<br />
HAC citev Hanover v. Ilousinq Appcals<br />
- .. . . Conunittee,<br />
_. 363<br />
<strong>Mass</strong>. 339, 379 (1973). KA Vol.1, 4G3. Yet the<br />
reliance on Hanover is misplaced ;md Chc quolaLiori is<br />
misleading. 'The quoted lariyuagc stands for nothing<br />
more than what it says: the standards for<br />
qualifj cation as a IiIniLcd dividend orqanizatj.on are<br />
left to state and federal fundjnq ,aqenci.es. The very<br />
scritericc following the one quoted by thp IIAC reaffirms<br />
the Board's authori.ty to require rcyulatory currip1i;irice<br />
and comp1.etel.y undermines thc HAC'S positiuri. The SJC<br />
st.ated t.hat j.ts "interprcLation [with rcs:pec!t. t.o<br />
standards for 1 imi.ted dividend organizations] does not<br />
prevent the hoard or committee frorii rcquiri.ng full<br />
disclosure of the organization's lcgal stat.i.is and<br />
further rcyuiriny compliance wit.h pert< nent st.atutory<br />
and regulatory requirements." Board of Appeals of<br />
Hanover v. ... Housing Appeals Committee, 36.3 <strong>Mass</strong>. at<br />
, ~.. .,.. ,, ,.. -<br />
3.19. Thc HAC'S attempt. to present its ow11 opinion as<br />
Chat of t.he SJC<br />
fail.<br />
thirt-y-five years i~yo niusll obviously<br />
33