11/8/2018 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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,, gown of Mashpee Plannin4 Ooard gy 16 Great Aleck-TOad Xorth blashive, 0 649 MEMORANDUM TO: Andrew R. Gottlieb, Chair Community Preservation Committee FROM: Mary E. Waygan, Chair Planning Board DATE: November 1, 2018 RE: Community Preservation Funds CC: Planning Board Thank you for your September 25, 2018 memorandum regarding the Community Preservation Fund, and the potential uses and demand for the funds in the next 3-10 years. At their regular meeting on October 17, 2018, the Planning Board members identified the following potential projects. The costs are estimates based on the state's Community Preservation Coalition's database of completed projects, Town Accessor's records, and general industry pricing. OPEN SPACE: The Town's Action Plan for Open Space Conservation (attached here) calls for the preservation of multiples parcels, either through acquisition or transfer. While some of these actions have been completed, there are many which remain to-do. Depending on buildability, a budget of$35,0004100,000 per acre should be set aside. COMMUNITY HOUSING: Per the 2010 Census, Mashpee has 6,473 year-round housing units: 5.2% are deed restricted Affordable. To reach the Town's 10% goal, over 300 additional Affordable units will need to be brought online. Figuring the Town would subsidize half of these units (150 units) with a subsidy of$50,000 - $100,000 per unit, the gross estimate to meet this need with Community Preservation Funds is $7,500,000 to $15,000,000 over the next ten years.