12/16/2025 COMMUNITY PRESERVATION ACT COMMITTEE Minutes

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,�yrxrasr�.a Town of Mashpee Community Preservation Committee 16 Great Neck Road North Mashpee,MA 02649 APPOINTMENTS AND HEARINGS AFFORDABLE HOUSING COMMITTEE/AFFORDABLE HOUSING TRUST Mike Sparkes, Chair of the Affordable Housing Committee, appeared before the CPC to present a request for CPC funding and to provide an update on the status of prior CPC awards currently held and managed through the Trust. Mr. Sparkes reviewed the Trust's existing CPC-funded balances, explaining that the Trust is currently managing multiple accounts that originated from prior CPC appropriations. With respect to the largest prior award, Mr. Sparkes reported that the Trust received a CPC appropriation of$550,000, and that the estimated remaining balance is approximately $493,440. He explained that expenditures and commitments associated with this account include: • $7,000 for services related to the acquisition of 12 Cypress Circle; • $17,600 for engineering work associated with 209 Old Barnstable Road; • $28,000 encumbered through an open purchase order; and • $4,000 paid to Horsley Witten for a feasibility study on a potential housing site (property not specifically named). Mr. Sparkes further reviewed a separate prior appropriation originating in 2019, when Town Meeting approved a CPC award of$330,000 to support a Housing Assistance program, with funds structured to pass through the Trust in installments of$110,000 per year over three years. He reported that during the first year of that program, two quarterly payments totaling approximately $60,000 were made before activity slowed, and that the estimated remaining balance of that account currently held in the Trust is approximately $250,075. Despite these existing balances, Mr. Sparkes explained that the applicants are seeking additional funding in order to build sufficient financial capacity and readiness to respond quickly to affordable housing opportunities as they arise. He stated that opportunities to acquire suitable parcels or advance projects often require rapid action, and that having funds immediately available in the Trust is critical to remaining competitive in the market. Accordingly, Mr. Sparkes'request for the additional $500,000 in CPC funds to be transferred into the Affordable Housing Trust so that funds would be readily available to: • Act quickly on potential property acquisition opportunities when parcels become available; • Pay for site assessments, feasibility studies, engineering, and other due diligence work prior to acquisition or development; and • Potentially support a part-time or half-time affordable housing specialist to coordinate projects, pursue grants and outside funding, manage consultants, and move initiatives forward without delay. During the discussion, Mr. Sparkes referenced two potential sites under consideration, including one parcel that has already undergone some preliminary assessment and another that would require further feasibility analysis. He explained that the Trust is evaluating a range of development possibilities and is open to different housing models, including clustered developments or other configurations, depending 2