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6.4 Growth Management 6.4.1 Development Phasing 6.4.1 .1 Within any year, building permits may be issued for new dwellings on no more than twenty (20) percent of the lots in any subdivision approved by the Mashpee -Planning Board under the Massachusetts Subdivision Control Law (the most recent such plan applicable to the lot shall apply), or twenty (20) percent of the lots shown on a plan of land not requiring subdivision approval recorded after May 11 , 1987, or twenty (20) percent of the approved dwelling units in any other type of residential or mixed use development under a special permit. Such limit shall not apply to any other pre-exist- ing and otherwise buildable lot. In the case of fractional numbers greater than 1/2, the number of permits issued may be rounded upward. 6.4.2 Building Permit Limits 6.4.2.1 Notwithstanding the provisions of Subsection 6.4.1 , within any year the number of new dwelling units for which building permits may be issued shall not exceed 2 1/2 percent of the total of the number of existing dwelling units in the Town on, plus any uncompleted dwelling units for which building permits have been issued and have not expired by, December 31 of the previous year, except that permits for 300 dwelling units may be issued in 1987, permits for 250 dwelling units may be issued in 1988 and permits for 200 dwelling units may be issued in 1989. 6.4.2.2 Within any calendar month, building permits for new dwelling units may be issued for not more than ten (10) percent of the number of new dwelling units allowed during that year under Subsection 6.4.2.1 . Within said limit, the actual number of permits issued shall be at the discretion of the Building Inspector provided the annual limit specified by Subsection 6.4.2.1 is not exceeded. 6.4.3 Exemptions 6.4.3.1 The provisions of Subsections 6.4.1 shall not apply to 1 ) Open Space Incentive Developments approved under Section 9.3, 2) developments approved prior to May 11 , 1987 under an unexpired special permit which included a specific annual phasing schedule, 3) public housing developed by the Mashpee Housing Authority, or 4) low or moderate income housing units as defined by the Massachusetts Department of Communities and Development (or a successor agency) for this area, pro- vided that sufficient written documentation is submitted as part of the building permit application showing that said units are to be restricted by a recorded document to sale, lease or rental at such low or moderate income rates (as up- . 6 - 17