11/07/2022 AFFORDABLE HOUSING TRUST Minutes

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t Mashpee Select Board Minutes -Affordable Housing Trust November 7, 2022 Present: Selectman David W. weeden, Selectman John J. Cotton, Selectman Thomas F. O'Hara, Selectman Carol A. Sherman, Selectman Michaela A. Wyman-Columbo EDIC Representative —Glenn Thompson Finance Committee Representative —Gregory McKelvey Affordable Housing Committee Representative —Allan Isbitz Mashpee Housing Authority Representative —Richard Klein Town Manager Rodney C. Collins Assistant Town Manager Wayne E. Taylor Meeting Called to„wOrder by Chairman Weeden at 6:00 p.m. Mashpee Town Hall, waquoit Meeting Doom In a brief ceremony, the School Superintendent Patricia DeBoer presented an impressive rendition of the new Town Seal made by two talented high school artists. NEW BUSINESS — AFFORDABLE HOUSING TRUST -- Meeting convened: 6:10 p.m. Discussion and Ap roval.of Submission of an A pjication to the Communi-tv Preservation Act µCommittee for the Ma 1 202 33�a Town Meetin -:T. for Procurement of Funds for Future Affordable Housing Trust RTpjpcts. �. p .mow �. ,. � � w �.�w.w.........�..........�d � �... n�n Evan Lehrer, the Town Planner brought forth a draft application seeking Community Preservation Act funding in the amount of $300,000 to engage toward the benefit of affordable housing in the Town of Mashpee. Approximately five years ago the Affordable Housing Trust submitted an application to the .Affordable Housing Trust. Funding in the amount of $300,000 was awarded and allocated to the wastewater treatment system at the 950 Falmouth Road affordable housing site now known as the LeClair Village. Funds allocated to the Trust would be advantageous and allow for immediate action on affordable housing opportunities in an efficient and timely manner. At a time of need it is crucial to take advantage of affordable housing opportunities as they arise. Mr. Lehrer indicated he has been keeping an eye on foreclosure properties and potential land acquisitions for non -restricted year round affordable housing. The deadline for the application submission to the Community Preservation Committee is November 1715 2022 for funding consideration at the May 2023 Special Town Meeting. A brief discussion followed with regards to the process. It was previously determined CPA funding from the 10% Affordable Housing Reserves would be earmarked to the Affordable Housing Trust to facilitate this need. The Affordable Housing Trust is the authority who may purchase, hold, and make decisions regarding the development of affordable housing. Through an application, the CPC approves funding and makes recommendations to the legislative body, Town Meeting.