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MASHPEE ZONING BOARD OF APPEALS <br /> MEETING MINUTES <br /> MAY 22,2019 <br /> This project will include the"sweat equity"model. The selected families will partner with <br /> Habitat and devote 250 to 500 hours of work. A family make work on their own house or <br /> another Habitat build. This promotes education for the homeowner on building and <br /> maintenance,but fosters a true sense of community. Habitat works closely with the buyers <br /> not just during the rigorous application process but working closely through the building <br /> period, providing significant homeowner education, counseling, and working hand and <br /> hand with the families through the mortgage and closing process. This is a critical element <br /> of the partnership and education as proven to be key to successful homeownership. <br /> Both homes will be affordable in perpetuity. Habitat offers 100% of the project as <br /> affordable not simply the 25%that's required by 40B because providing affordable housing <br /> is the mission of Habitat. The affordability will be protected by DHCD local initiative <br /> program regulatory agreement, and deed rider which is located in Tab H of the package. <br /> Both homes will count for Mashpee's subsidized housing inventory. The homes will be <br /> affordable to very low income households earning at or less than 65% of the median area <br /> income. Home sale prices will be at or around $150,000 which is subject to variation <br /> depending upon the median income calculations at the time of the applicant out reach. Tab <br /> E has the pro-forma for the project and pricing model. <br /> Habitat will work with the Town and DHCD to request that one of the two houses to be <br /> awarded to a local preference meaning that the applicants live,work, and are employed by <br /> the Town or have children enrolled in Mashpee school system. Local preference guidelines <br /> allow for a maximum of 70% of the product units so they can only offer one of the local <br /> preference and that is up to DHCD. <br /> There are certain determinations that might be made; first is that the project is eligible <br /> under LIP as evidence under the project eligibility letter. The site is generally appropriate, <br /> the project design is generally appropriate. The project appears financially feasible and <br /> DHCD and the subsidizing agency have reviewed the initial pro-forma and found them <br /> financially feasible. Habitat is a non-profit and 501 C3 organization as in Exhibit C. The <br /> IRS letter of determination and the Secretary of the Commonwealth Certification. There is <br /> site control which is evidence of the purchase and sale agreement. The Town has 5.2% of <br /> subsidizing inventory and affordable housing below the minimum. The goal is 10%. <br /> Mr.Brodie respectfully requested approval of this project as submitted.As a local initiative <br /> program application, this project has been endorsed by both the Board of Selectmen and <br /> the Affordable Housing Committee and supported by voters at Mashpee Town Meeting. <br /> Mr.Bonvie asked Attorney Brodie if he had received and reviewed Charles Rowley's letter <br /> dated May 7, 2019 that was submitted to the ZBA. Mr. Brodie said; yes. Mr. Bonvie asked <br /> if he could comply with the requirements that were included in the letter. Mr. Reedy said <br /> he would like to address the possible design requirements with the engineer. <br /> 5 <br />