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16 Great Neck RoadNorth <br />wlashyee, -Massachusetts oz649 <br />Ms. Waygan commented strategy 21, we need to remain up to date on state and regional <br />funding opportunities. DHCD became an executive office. Strategy 22, varies by household <br />size, right now there are not subsidies to support that. The workforce housing program offers a <br />certain amount per unit. In order to fund projects or ownership at 150% there are no funding <br />sources, but there is a clear need. It is not eligible for subsidies but we are meeting a <br />community need, while we would also need to establish a funding source <br />Ms. Lanzillotta stated Chatham has a home petition to establish another housing trust that is <br />for community housing. It is not authorized under Mass Law and will fund projects up to 200% <br />of AMI approved at state level. The Governor's Housing Bond Bill for seasonal communities <br />will have more flexibility and more opportunities for seasonal communities to establish funding <br />streams for different income levels. Would Mashpee want to establish such a fund? Median <br />income does not come close to touching median housing price. <br />Ms. Waygan said this can be funded with a tax for properties that sell over $2Million dollars. <br />Mr. Oakley suggested a program that would assist with the down payment and closing costs, <br />as that tends to be a barrier. <br />Mr. Lehrer commented so many of these programs are limited to the production of affordable. <br />The credit programs incentivize developers because many affordable units are providing a <br />significant cost burden. There is a growing affordability gap in excess of AMI, cannot afford to <br />enter or stay, and do not qualify for affordable. <br />Ms. Waygan has a couple comments for page 28, where it lists the complexes like Sea Oaks, <br />Sandalwood, Pheasant Run, and Hollow Woods, etc. List apartments for affordable and note <br />those are all affordable, but there are also staggering apartments in Mashpee Commons that <br />are market rate that are the original, not Ch. 40B. We do have some diversity so people can go <br />and drive to these places and see what it feels like. Page 38, barriers are listed for affordable, <br />lack of developable land needs to be noted. We have very limited developable land, 14% of <br />land region wide is left for development or the preservation of open space. There are also <br />major environmental constraints. We don't have clean water in town, it's a huge barrier to all <br />development. Our water bodies are polluted and we are going to be asking people for money <br />to build infrastructure? <br />Ms. Lanzillotta noted in theory it could require a recalculation, but beyond the scope of this, <br />advocating for these conversations with water protection and land use need to commence. <br />Ms. Faulkner commented this will not be possible until sewer and that will be happening for <br />years. <br />A <br />