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Housing Assistance Program II for an additional three-
<br />year period, said sum to be allocated as a CPA award
<br />of $110,000 per year, including any necessary costs and
<br />expenses related thereto, as recommended by the
<br />Community Preservation Committee, said sum to be
<br />disbursed subject to and contingent upon prior
<br />execution of a Memorandum of Understanding
<br />between the fund recipient and the Board of Selectmen,
<br />the terms of which shall be acceptable to said Board of
<br />Selectmen, said funds to be held and expended by the
<br />Affordable Housing Trust ("Trust") Board of Trustees
<br />for the purpose of funding Affordable Housing,
<br />including any necessary costs and expenses related
<br />thereto, provided, however, that said sum shall be used
<br />exclusively for community housing and shall remain
<br />subject to all the rules, regulations and limitations of
<br />M.G.L. c. 44B when expended by the Trust, shall be
<br />accounted for separately by the Trust, and, provided
<br />further, that at the end of each fiscal year, the Trust shall
<br />ensure that all expenditures of said funds are reported
<br />to the Community Preservation Committee, or take any
<br />other action relating thereto.
<br />Submitted by the
<br />Community Preservation Committee
<br />Explanation: This article seeks funding from the
<br />Community Preservation Fund Affordable Housing
<br />Reserve to continue the Housing Assistance Program
<br />for an additional (3) three-year period, by way of a CPA
<br />award of $110,000 per year, for a total of $330,000.
<br />The program during the three-year period is estimated
<br />to assist 40 Mashpee families including the funding of
<br />administrative costs in the amount of $8,000 to manage
<br />the program.
<br />For ease of management and efficiencies, it is the
<br />recommendation of the Community Preservation
<br />Committee to grant the Affordable Housing Trust
<br />("Trust") Board of Trustees of said Trust the recipient
<br />of all Affordable Housing projects.
<br />In addition to the submission of quarterly reports, a
<br />Memorandum of Understanding between the Board of
<br />Selectmen and Mashpee Housing Authority is required
<br />for the operation of the program and limitation of the
<br />expenditures to $110,000 per year, $27500 per quarter.
<br />The goal of this project is to assist Mashpee residents
<br />in one or more of the following areas;
<br />• Ongoing short-term rental assistance (12-24
<br />months)
<br />• One-time assistance for first/last/security deposits
<br />• One-time emergency assistance for rent
<br />• Mortgage assistance for short-term (1-3 months)
<br />• Down payment assistance for first-time
<br />homebuyers
<br />Mashpee Veterans will receive first priority for all
<br />programs. Second priority is given to those who live
<br />and work in Mashpee, and third priority is given to
<br />those who live (only) in Mashpee.
<br />The Housing Assistance Program was previously
<br />funded for a three-year period with CPA Affordable
<br />Housing funds in 2012. The program provides support
<br />to low income residents and offers support to those in
<br />need as a result of prolonged illness, loss of
<br />employment, divorce or other family or personal crisis.
<br />The Community Preservation Committee
<br />recommends approval of Article 14 by a vote of 7-0-1
<br />The Board of Selectmen recommends approval of
<br />Article 14 by a vote of 4-0.
<br />The Finance Committee recommends approval of
<br />Article 14 by a vote of 5-1.
<br />Motion made by Selectman John Cotton.
<br />Motion: I move the Town vote to appropriate and
<br />transfer the sum of $330,000 from the Community
<br />Preservation Fund 10% Affordable Housing Reserve,
<br />in accordance with the provisions of M.G.L. Chapter
<br />44B §5, for the purpose of funding the Mashpee
<br />Housing Assistance Program II for an additional three-
<br />year period, said sum to be allocated as a CPA award
<br />of $110,000 per year, including any necessary costs and
<br />expenses related thereto, as recommended by the
<br />Community Preservation Committee, said sum to be
<br />disbursed subject to and contingent upon prior
<br />execution of a Memorandum of Understanding
<br />between the fund recipient and the Board of Selectmen,
<br />the terms of which shall be acceptable to said Board of
<br />Selectmen, said funds to be held and expended by the
<br />Affordable Housing Trust ("Trust") Board of Trustees
<br />for the purpose of funding Affordable Housing,
<br />including any necessary costs and expenses related
<br />thereto, provided, however, that said sum shall be used
<br />exclusively for community housing and shall remain
<br />subject to all the rules, regulations and limitations of
<br />M.G.L. c. 44B when expended by the Trust, shall be
<br />accounted for separately by the Trust, and, provided
<br />further, that at the end of each fiscal year, the Trust shall
<br />ensure that all expenditures of said funds are reported
<br />to the Community Preservation Committee.
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