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7. 26 Main Street: The owner wants to sell his vacant land to the town for Affordable <br /> Housing. On December 4, 2024, THE Affordable Housing Trust voted to have an <br /> appraisal done. <br /> • Update <br /> o New opportunity, trust-authorized appraisal <br /> o Previously had dilapidated single-family dwelling <br /> o Owner interested in selling to town for affordable housing <br /> o Procurement process necessary if acquisition exceeds $35,000 <br /> o Smaller opportunity, one plus acres <br /> o Not in zone 2 <br /> o Potential for 4-6-unit project <br /> o Suitable for clustered single-family or duplex development <br /> o Homeownership possibilities <br /> • Housing Production Plan (HPP): <br /> o Alexis Lanzillotta from the Barrett Consulting Group will present the results of <br /> the online housing survey, the focus groups, and a draft of the HPP Goals & <br /> Strategies for the Committee to review. <br /> HousingSurvey urvey Results <br /> o LCP Survey: 62% considered attainable housing a serious/severe problem <br /> 0 70%believed Mashpee needs more attainable, affordable, and workforce housing <br /> o HPP Survey: Over half couldn't afford the median home price in Mashpee <br /> o Strong support for redevelopment of existing properties (80%) 68.6% support using <br /> town investments for attainable, affordable, and workforce housing <br /> Housing Needs and Strategies <br /> o Need for affordable rental units for smaller households (2/3 of respondents) <br /> o Strong demand for affordable homeownership opportunities <br /> o Barriers identified: cost/price, lack of inventory, limited land, regulatory barriers <br /> o Discussion on Open Space Incentive Development Bylaw and its effectiveness <br /> o Consideration of inclusionary zoning provisions <br /> Zoning and Development Strategies <br /> o Debate on the effectiveness of OSID bylaw <br /> o Suggestion to start fresh with inclusionary zoning instead of reviving OSID <br /> o Discussion on the transfer of development rights and its potential impact on housing <br /> costs <br /> o Consideration of other mechanisms to incentivize affordable housing production <br /> Funding and Trust Manaaement <br /> . <br /> 4 <br />