05/20/2019 BOARD OF SELECTMEN Agenda Packet

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DEVELOPING AFFORDABLE HOUSING AT 950 FALMOUTH ROAD, MASHPEE, MA Summarizing The Major Conclusions Of The 950 Working Group With Regard to Its Review of Developer Proposals Submitted Under the RFP The 950 Working Group reviewed proposals submitted by the following Developers: • Commonwealth Community Developers, LLC ("CCD") located in Cambridge, MA • Preservation of Affordable Housing, Inc ("POAH") located in Boston, MA, and the Housing Assistance Corporation, Inc("HAC"), located in Hyannis, MA, Co-Developers Developer Experience & Capaclt The 950 Working Group ("950 WG") concluded that, of the 3 projects referenced by CCD as completed projects of similar scope, none were comparable to what CCD proposes at 950 Falmouth Rd. o All three were substantial rehab projects in which CCD was a contractor or consultant for the owner. o Two of the referenced projects were substantially larger than the one proposed in Mashpee and the 3rd was an age segregated senior project o CCD is not the owner or property manager of any of the three projects referenced as comparable in scope • The POAH-HAC proposal lists five developments of similar scope. All are on Cape Cod. • Submitted data in the proposal is detailed and responsive to the RFP allowing judgments to be made on relevant experience o Experience shows that the POAH-HAC team has repeatedly secured necessary financing to bring their projects into construction and occupancy a POAH owns almost 100 completed projects across the country and POAH and HAC own several properties on Cape Cod that shows longterm management capacity and commitment to maintaining properties in good condition. Affordabilit and Su ort Services • Both proposals state that 100% of the units would be SHI eligible, i.e., eligible for inclusion in the DHCD "Subsidized Housing Inventory" • CCD proposes to designate 12 out of 39 units (31%)for very low and extremely low income households making <50% AMI. • POAH-HAC proposes to designate 7 out of 39 units (18%)for very low and extremely low income households making < 50% AMI. POAH--HAC demonstrate a commitment to support services for all projects in their portfolio Wastewater S sterns • CCD proposes to reduce nitrogen waste to 5mgIL, but in supplementary material provided at the request of the 950 WG, CCD clarifies that its development pro forma assumes capital and operating costs only for a treatment system designed for 19mgIL. An additional$500,000 in public funds from the Town would be required to reduce nitrogen waste to 5mgIL. • POAH-HAC proposes to achieve better than 19mgIL, but carries costs in their pro forma for a system treating only at 19 mg/L. However, POAH states a willingness to work with the Town on a wastewater treatment system designed for 5mgIL at an additional cost of$110-150,000 • The 950 WG members saw these two positions as roughly equivalent and granted them equal point value. 5/14/19