11/04/2019 BOARD OF SELECTMEN Agenda Packet

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7 Affordable Housing Trust Minutes March 4, 2019 AFFORDABLE HOUSING PRESENTATIONS: Affordable Housing Committee: Allan Isbitz: Mashpee Affordable Housing Committee member and Mashpee Affordable Housing Trust member Allan Isbitz facilitated the discussion on the needs of affordable housing in the Town of Mashpee. In 2010,the actual population in the Town of Mashpee was 14,006. In 2030,the population is projected to increase by 30%to 18,159 persons. In comparison, Mashpee's population in 1990 was comprised of persons 65+years 16%, ages 35-64 35% and ages 20-34 years 31%. Youth aged 5-19 years at 18% in 1990. In 2010 ages 35-64 encompasses 43% of the population. With ages 65+ at 25% and ages 20-34 at 14%. Youth 5-19 years remained at 18% in 2010. Projections to 2030 estimate the 65+population at 41%, and ages 35-64 at 36% with ages 20-34 at 11% and ages 5-19 at 12%. Chapter 40B of M.G.L. has established a goal for all municipalities to dedicate 10% of all low income year- round housing units. Low Income has an Average Median Income (AMI) range of 50-80%, single person making less than $48,300 per year and 4-personal household less than$68,950 per year. The low income group also includes very low income and extremely low income groups. The Barnstable County AMI is $86,200 per year. The housing cost burden of an extremely low income; single person making less than$18,100, a 4-person malting less than $25,850 who pay more than 30% of their income for housing, are cost burdened or severely housing cost burdened if they are paying more than 50% of their income on their homes or for rent. Under the Chapter 40B, the Town of Mashpee's 10% share of affordable housing is 647 units. In 2010 the town was short 349 units. In September of 2017, 39 units were added to bring forth a Subsidized Housing Inventory of 5.2%. The percentage ranks the Town of Mashpee as 8th out of the 15 Cape towns. The Town is currently moving forward with the development of affordable housing at the site referenced as 950 Falmouth Road, Mashpee. Mr. Isbitz indicated that based on feasibility studies it is estimated that 40-45 units of housing would be built at the site. A Request for Proposal was issued in February and there has been substantial interest. Proposals are due by April 16, 2019. It is hopeful a developer would be selected in May or June. As studies suggest, there is a need for affordable housing based on families who are cost burdened. In the Town Mashpee there are 2,485 low income families making less than 80% of the median income. This is roughly 40% - of the Mashpee population. Using 2010 figures, a housing supply of 1,400 units would meet the needs. Howeve 968 units would not serve the needs of the low income population.