5/4/2010 AFFORDABLE HOUSING Minutes

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• i • sing the definitions above, about % or sorra 1,828 Mashpee households are at or below the 80% median income level of$40,697 annually. This is the group where of ord hili natters. It ranges from young newly forming households and those of an elderly age to growing families with school age children. 2020 rojec on f Nee : Based the Planning Department's estimate of population for 2020, a projection o future housing by tenure was produced. A total of 727 housing units are forecasted of which 618 are owner and 109 are rental units. when added to today's year-round housing count of 5,5 78, Mashpee` 10 % goal would then be 63 o affordable units less the 266 existing units for a new need of 364. If the approved and proposed 40B unit (2 10 are built,the town's affordability rate would increase to 7. %, a healthy improvement, but still short by 154 units of the 10 % g al. `herefore, at least 21%the forecasted housing demand of727 housing units would reed to be fordable to reach the target by the end of this decade. Proposed Design and implement an outreach program to educate Mashpee residents about the importance of affordable housing • Continue to assess opportunities for the donation of town-owned lands to nonprofit . organizations for the development of affordable housing projects 0 Establish an inventory procedure to ensure that all eligible affordable housing wits are reported annually to the.Department of Housing and Corm luratyDevelopment 0 Allocate 0% of annuial available Community Preservation funds for the production of affordable housing . 0 Provide ongoing and continuing staff'support to the'T'own's Affordable Housing Committee Add 10% of meed or 32 units of affordable housing annually through 2020 0 Develop a friendly 40B proposal for private and non-profit developers that would provide substantially more afford-able units than the required %. This rruaght include such incentives as donated laud, waiver of fees, relaxation of certain parking standards and assistance with wastewater collection and disposal requirements. 0 Collaboration is vital to insuring an adequate supply of affordable housing in a region, This task belongs to the Cape Cod Co mission, but its efforts are restricted to individual communities by the requirements of 40B. Given recent work in several other states, Mashpee should undertake an initiative to explore the provision of affordable housing through a fair-share regional approach. • Amend OSI1D and Commercial Center zoning to mandate 10% affordable housing and an allowable bonus calculation.