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,�yrxrasr�.a <br /> Town of Mashpee Community Preservation Commission <br /> " 16 Great Neck Road North <br /> ° Mashpee, MA 02649 <br /> • Ashumet Pond: Conditions in the pond remain poor due to phosphorus-related algae blooms. <br /> The project to treat the pond is moving forward, aided by the first installment of funding from <br /> Joint Base Cape Cod. <br /> • The Parsonage: Restoration planning has advanced. Ellen Sharpe, Tribal representative that is <br /> coordinating the funding, let Ms. Barbee know that the tribe has secured a specialized architect <br /> and contractor with expertise in historic restoration. The project has been delayed due to the <br /> challenge of finding qualified professionals,but the restoration work is expected to begin soon. <br /> Public Comment on Annual Public Hearing <br /> Jerry (no last name given), a member of the Affordable Housing Committee who had recently joined, <br /> voiced concerns about Mashpee's ongoing shortage of affordable housing. He expressed frustration <br /> over the community's limited progress over the past 10 to 20 years. He urged the CPC to prioritize <br /> funding for affordable housing, actively seek out proposals, and explore other funding sources to <br /> supplement CPC resources. <br /> CPC's Role and Potential Affordable Housing Programs <br /> The committee responded by clarifying that while the CPC does not initiate projects itself, it funds <br /> proposals submitted by others. They outlined several affordable housing strategies that CPC funds can <br /> legally support, such as rental assistance programs, subsidies for new housing production, and buy- <br /> down initiatives. <br /> Buy-downs can take different forms: non-profits may purchase homes with CPC support and rent them <br /> affordably, or funds may help individual homebuyers by subsidizing the cost of market-rate properties. <br /> Additionally, down payment assistance for first-time homebuyers is another potential avenue. The <br /> committee emphasized that these opportunities exist but require outside organizations and community <br /> partners to submit proposals and administer the programs. <br /> The Role of the Affordable Housing Trust and Housing Authority <br /> The discussion continued with suggestions for how the Affordable Housing Trust could play a greater <br /> role. Committee members encouraged collaboration with the Trust, chaired by Mike Sparks, noting that <br /> its last request for CPC funding was for $500,000. Once awarded, Trust funds can be used without <br /> waiting for additional town meeting approval, allowing for more timely action—something that appeals <br /> to developers. <br /> The housing authority was also identified as a potential partner, given its history of creating and <br /> managing projects like Breezy Acres and Asher's Path. Committee members suggested that the housing <br /> authority could purchase market-rate homes with CPC assistance, then rent them affordably to residents <br /> on their waitlists. <br /> 5 <br />