07/06/2023 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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5 Community Preservation Committee Minutes July 6, 2023 OLD BUSINESS Vote_on CPA A a�lications Maud CPA Articles wljroposed for the October2023 TownrtMeetin Affordable Housin Trust Fpd wWgype Tylor,Assistant Town Manager (continued) Past allocations to the Affordable Housing Trust included a $300,000 CPA appropriation in May of 2019 to empower the AHT to negotiate and execute real estate transactions effectively and efficiently. The $300,000 appropriation was allocated in full to the 950 Falmouth Road affordable housing project now known at the LeClair Village. The CPC also contributed $500,000 to this project by a vote of Town Meeting in May 2023 to support the application of the Housing Assistance Corporation(HAC) and the Preservation of Affordable Housing (POAH). The project will create 39 new affordable rental homes, a total of 68-bedroom units in three buildings. At the May 2023 Town Meeting,the Community Preservation Committee awarded$550,000 to the Affordable Housing Trust to enable the acquisition and subsequent development of affordable housing projects in the Town of Mashpee. Discussion followed with respect to the Affordable Housing Trust as a board. There is concern as the Trust does not meet regularly and if there is enough dedication to move projects forward in a timely and sufficient manner to address the housing issues. The recent award of$550,000 with the addition of$500,000 may be placing too much in this account. It is believed the current funds are sufficient to meet the initiatives before the Trust. The Affordable Housing Trust at their last meeting voted to authorize a Traffic Impact Assessment Study at the proposed 209 Old Barnstable Road site to better understand the impacts of a 48-bedroom affordable housing development. At the meeting the Trust voted to request staff members draft an RFQ for the VFW site, a large 10-acre parcel located across from the Sea Oaks Condominium off of Route 28, east of Orchard Road, and to authorize an article for the May 2024 Town Meeting to prepare a deed for this property. Ms. Waygan recommended the CPC consider an award of$60,000 to cover the additional costs the Trust may incur for expenditures related to the feasibility study and traffic study with hopes the Housing Production Plan would be completed before the next funding round.