Chase Custom Homes of Windham has presented a proposal to the Planning Board for a housing development off South Street. The project was first proposed in 2003, and the latest plan was discussed at the Planning Board meeting on January 4. Roads in the development would connect with South Street (Rt. 114) as well as Crestwood Drive and Waterhouse Road. Because the project will have both public water and sewer, it meets the Town’s criteria for high density housing. As one condition of approval for the project, $975,000 would be paid into a Town fund with the money being used for saving open space elsewhere in town. It is anticipated that a project of this size will take months to get through the Planning Board process. A second meeting was scheduled for January 11th with traffic impact being one of the issues to be discussed.