05/07/2012 Special Town Meeting - Laserfiche WebLink

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Finance Committee recommends approval by a vote of 4-1, 2 absent. Motion made by Selectman John Cahalane. Motion: I move the Town vote to appropriate and transfer from the Community Preservation Fund Affordable Housing Reserve, in accordance with the provisions of M.G.L. Chapter 4413, section 5, $70,000 for the purpose of funding (2) Habitat for Humanity affordable housing construction projects located at 6 Park Place Way and 9 Park Place Way, Mashpee, including any necessary costs and expenses related thereto, as recommended by the Community Preservation Committee. Motion passes unanimously at 7:21 PM. Article 10 To see if the Town will vote to appropriate and transfer from the Community Preservation Fund Affordable Housing Reserve, in accordance with the provisions of M.G.L. Chapter 4413, §5, $300,000 for the purpose of funding the Mashpee Housing Authority - Mashpee Housing Assistance Program, including any necessary costs and expenses related thereto, as recommended by the Community Preservation Committee, or take any other action relating thereto. Submitted by the Community Preservation Committee Explanation: This article seeks funding from the Community Preservation Funds to assist the Mashpee Housing Authority in the development of a Mashpee Housing Assistance Program for a (3)three-year period, a CPA grant award of$100,000 per year, a total of$300,000. The new and much-needed program would encompass housing assistance in one or more of the following areas: • Ongoing, short-term rental assistance • One-time assistance for first/last/security deposits • One-time emergency assistance for rent • Mortgage assistance for short-term • Down payment assistance for first-time homebuyers The Mashpee Housing Authority currently owns, manages, operates and administers approximately 150 units of affordable housing. The Mashpee Housing Authority will implement and maintain the Housing Assistance Program. Mashpee Veterans will be given first priority for all programs. Second priority would be given to those who live and work in the Town of Mashpee. Third priority is given to those who live (only) in the Town of Mashpee. With full funding of the program, it is estimated that 25 to 40 Mashpee families would receive yearly assistance. The Community Preservation Committee has required to be updated on the program on a semi-annual basis. Funds would derive from the 10% Affordable Housing Reserve Account of the Community Preservation Committee. *The Community Preservation Committee voted 7-0 in support of this article. 6