03/25/2019 BOARD OF SELECTMEN Agenda Packet

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*DRAFT MINUTES* March 4, 2019 4 Board of Selectmen Minutes March 4, 2019 AFFORDABLE HOUSING PRESENTATIONS: Cape Cod Commission: Executive Director Kristy Senatori-, Community Design/Affordable Housing Specialist Heather Harper: (continued) Cape-wide economic indicators from 2000-2016 reflect a population decrease of-4% and a 10% increase in employers, a 9% increase in jobs, and an average wage increase of 7%. In accordance with the Barnstable County Housing Market Analysis 26,000 households on Cape Cod are cost burdened, spending more than 30% of their income on housing. On Cape Cod, 82% of the homes are single family. In the Town of Mashpee 77% of homes are single family homes. In comparison, the State of Massachusetts has 52%, and in the U.S. region the makeup consists of 62% of single family homes. It is projected that household size would decrease on Cape Cod to 2.25 persons within the next 10 years. The projection for Mashpee is 2.24 and for the state it is 2.60 persons per household. In terms of housing stock, it is estimated the Town of Mashpee on average has 36% seasonal homes. Barriers impacting the economy include the limited selection of housing stock and high costs for entry to lower wage workers and occupations. Housing options and short-term rentals are not equal to residential opportunities elsewhere, and with limited wages and transportation options there is an inadequacy in seasonal workforce availability. With the use of 2015 data and average hourly and annual wages for the top employment sector on Cape Cod, to own a median level home at a cost of$335,000 an earner would be required to make $80,000 per year. To rent a home at $1,100 per month a wage earner would be required to earn $44,000 per year. With regards to transportation, it was suggested the train schedule improve to offset costs to the Cape workforce. In response to this recommendation, it was agreed there is a need for more sustainable transportation and an increase in the train service would most likely be supported with the workforce or residential demand.