1988-1990-ZBA APPEALS (2) - Laserfiche WebLink

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Board of Appeals Minutes - September 5, 1990 2. • Attorney Robert Mills represented the Trustees Joseph DeMartino and Richard Schudder. He informed the Board that they are proposing to build 23 units of affordable housing on an 11.8 acre site in the John's Pond Estates. He discussed the suitability of'the area and 'said various consultants have been working on the project. E. C. Jordan had been consulted on the groundwater plume from Otis and a 21E test was performed by A.M. Wilson Associates to locate hazardous waste.=::Doyle Associates has conducted well test borings and found that the water is potable at the present time. He said they are proposing ranch structures approximately 1,128 sf. Each house will have Title V septic systems. They are proposing that each unit have its own well. He said that Town Water was coming into the area in the near future and whether they would take advantage of this is not known. Mr. Mills reviewed the house, driveway and landscaping plans. He discussed the 40B application requirements and said that the Trusts were Limited Dividend Organizations since they had applied for H.O.P. funding. He reviewed the zoning by-law variances which would be required: side line variances, frontage variances and a variance on density requirements. Mr. Mills said that the application is for 23 homes but this is not etched in stone. He said there were some difficulties that they have • encountered and they are trying to work through them with the Board of Appeals and the Planning Board. There is a requirement that the developer meet a 15% profit margin and if it is not profitable the State will not finance it. He said they are trying to work with the Board and with the neighborhood to try to reduce the plan by some certain margin but some concessions are needed and they are asking for a variance of a road covenant held by the Planning Board. Judith Barnet, Project Manager, presented the Board with a supplement to the application. She reviewed the statistics on % of affordable housing in Mashpee and discussed the 1990 estimates of 4.59%. She said that the 1980 base was 8.26% but the building of low and moderate housing has not kept pace during the building boom of the 80's. She said that Massachusetts criteria is that any community without 10% in affordable housing has a housing need. Ms. Barnet said that 21 of the homes will sell under $95,000 and 2 will be $101,250 and the data base they have on potential applicants for affordable housing contains 200 names. She reviewed projects in other towns. She discussed the claim that the glut of houses on the open market should satisfy the need but said there are few that meet the need priced under $95,000. She said "affordability" is arrived at through a combination of financing and purchase price. Homes under the Homeownership Opportunity Program have their mortgage interest subsidized at 5.5% and the median income requirement is approximately • $33,000. She said that people at this income cannot buy a home on the market requiring a 20% down payment and a 10% montage interest rate. Ms. Barnet discussed typical buyers with incomes from low 20's to mid 30's and presented a list of occupations.