07/06/2023 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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4 Community Preservation Committee Minutes July 6, 2023 Vote Mon CPA Ap ications and CPA.Articies_ .rgpo, sed for theOctober 2023 Town„Meeti Affordable Housing Trust Fund; Wayne TgylorAssistantM Town Manager Ms. Waygan asked if the applicant would be in attendance and the Chair indicated no. The CPC in considering applications proposed for funding at the October 2023 Town Meeting continued their review of the application of the Affordable Housing Trust to allocate an additional $500,000 to the Trust. In May of 2023,the CPC supported an application from the Affordable Housing Trust in the amount of$550,000. The Community Preservation Committee began a lengthy discussion with respect to the Affordable Housing Trust,the current funding balance and the appropriations that have not yet been expended. This includes the acquisition of 12 Cypress Circle,a$100,000 appropriation approved by a vote of Town Meeting in October 2019 to allow the Town of Mashpee to acquire vacant residential land for affordable housing purposes. There was verbal indication the sale of the property did not move forward due to title issues. In conversation with the Town Planner, the owner has reached out and is now ready to move forward with the sale of 12 Cypress Circle. It was noted that as a result of current values, the cost to purchase this property may be more than the funds allocated. In continuing their review of projects funded by the CPC that were transferred to the Trust there was discussion regarding the Mashpee Housing Assistance Program II, a$330,000 project approved by the voters at the May 2019 Town Meeting awarding$110,000 over a three-year period to provide ongoing short-term rental assistance, one-time assistance for first/last/security deposits, one-time emergency assistance for rent, mortgage assistance for short-term and down payment assistance for first-time homebuyers. During the three-year period of the Mashpee Housing Assistance Program, it is estimated the program would assist 40 Mashpee families. For ease of management and efficiencies the Community Preservation Committee granted the recipient of the CPA funds under the care and custody of the Affordable Housing Trust. As a result of inefficiencies,the project was transferred to the Human Services Department under the care and custody of Gail Wilson,the Human Services Director. The program did not move forward as there were issues regarding privacy, the mechanism to allocate funds as well as added CORI requirements. It is not known how much funding is available to re-instate this much needed program. Discussion followed with regards to utilizing a non-profit such as the Housing Assistance Corporation or restarting the program through the Mashpee Housing Authority which is now managed by a new Executive Director. The CPC in discussions considered asking the Trust to reactivate the Housing Assistance Program under the Mashpee Housing Authority auditing the funds that have been awarded.