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16 Great Neck Road North <br />Mashpee, Massachusetts o2649 <br />Population Growth in Mashpee <br />1990-2010 the population exploded, increasing by 78%. Growing desirability for Mashpee and Cape <br />Cod, investment properties and continuing a trend projected to grow by 30% by 2030. Generally, that <br />would be favorable, but it doesn't produce a balanced growth, pressures at lower income levels. Boston <br />is a world class city, desirability for professionals. <br />Mashpee Population in 1990 vs. 2010 <br />- In younger age groups, decline in the young adult area ages 20-34 have decreased to 14%. <br />-The senior population has increased to 25%. <br />- Ages 35-64 age group is 43% but is not being replenished. Harder to set up families in a home of their <br />own, separate from elders. <br />Mashpee Population Projection 2030 <br />- Ages 35-64 age group is 36% <br />- Seniors 41 % <br />- Seeing imbalanced growth and pressures <br />H.U.D Income levels <br />- Low Income: 50-80% AMI ($55,000-$78,000) <br />- Very Low: 30-50% AMI ($34,000-$48,000) <br />- Extremely Low: >30% ($20,000-$29,000) <br />- Barnstable County AMI $89,000 <br />Housing Cost Burden <br />When is a family spending too much of their income on housing? <br />- Normal unburdened family cost is 30% of income or lower. <br />- A family that is housing cost burdened is paying more than 30% of income on rent/housing costs. <br /># Of households in Mashpee paying more than 30%-1,430 families <br />- A family that is severely housing cost burdened is spending half of their earnings for housing. <br /># Of households in Mashpee spending 50% -1,055 families <br />- 2,480 out of 5,200 families. Half of the families in Mashpee were housing cost burdened. <br />Ms. Waygan asked if the red number on the top on the graph is the number of households that have a <br />housing cost burden, not total number of households, to which was responded "yes". <br />Balance of Income 2021 <br />- After housing costs, for a family of 4 with income less than 80% AMI. Average median rent in <br />Mashpee is $1,431. <br />- Extremely low income, monthly wages are $2,400. The remaining $900 goes to medical, child, food, <br />now left with $200. <br />-Very low income — $240-$600 left over monthly <br />-Low income — $60041,000 left over monthly <br />4 <br />