11/18/2014 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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7 Community Preservation Committee Minutes November 18, 2014 Review of CPA Awlications Pr ed for May 2015_Special Town Meetin Leedara Zola.-Habitat �r I��.ilxi m - 1 Orchard Road& 132QginaAuissett - Avenuemmoily Housig $100,000: In response to the Town of Mashpee Request for Propos(RFP) for affordable housing projects on Orchard Road and Qum* aquisset Road(formerly known n Strawberry Avenue), Habitat for Humanity a 501 c organization submitted a favorable proposal. To date Habitat for Humanity has constructed 16 homes in the Town of Mashpee and has wilt and sold a total of 81 affordable hones on Cape Cod. Leedara Zola; Habitat for Humanity Director of Land Acquisition and Permitting met with the Community Preservation Committee to discuss the application for CPA funding to assist with the construction of two affordable homes on lots referenced as 108 Orchard Road and 132 Quinaquisset Avenue. Bud Abbott, Chair of the Mashpee Affordable Housing Committee was in attendance in support of the affordable housing project. It was noted the two homes would be affordable in perpetuity. The affordability would be protected by Department of Housing and Con nunity Development DHCD Focal lydtiative Program(LIP) Deed Rider, and would add to the Mashpee DHCD Subsidized (lousing Inventory. The Mashpee Affordable Housing Committee is fully supportive of this project. The homes would be affordable to households eaming between 5 &65 o the AreaMedian Income. Hone sale_ prices are anticipated to cost$140,250 for the three-bedroom 1,200 square foot residences. The lots are intended to be pen tied under MGL, Chapter 40B. The CPA funding request for the to affordable homes is$100,000. The total cost of the proposed project is$479,592. With CPA funding and permitting,the project is anticipated to be completed in the fall inter of 2016/2017. Discussion followed with respect to the request for $100,000 in CPA funding; an award of$50,000 per home as it relates to the cost increase. Utlally the CPA contribution was$25,000 per home. Recently,the funding request for the two homes constructed -on Park Place was$35,,000 per home. In response Ms. Zola indicated the cost of construction has i creased. Although Habitat for Humanity secures private funding,the construction process has become more expensive. The sure of$50,000 is the base figure that is requested by Habitat for community preservation assistance. ;