Residents at Annual Town Meeting next month will be asked to vote on the use of $219,350 in Community Preservation Act funds by the Bourne Affordable Housing Partnership/Affordable Housing Trust. The request will be included in Article 26, which asks for resident approval of $495,941 in various community preservation projects.
Susan R. Ross, chairman of the affordable housing trust, and Kerry A. Horman, the trust’s affordable housing administrator, appeared before the Community Preservation Committee last month. Mr. Horman told the committee that $60,000 of the requested amount would be used to fund the trust’s home-building program.
Mr. Horman said that the affordable housing trust has acquired a lot on Wing Road in Pocasset where it plans to build a new house. The 1,300- to 1,400-square-foot Cape-style home would have three bedrooms and one or one and a half bathrooms, depending on whether it is one or two stories. Under the trust’s guidelines, the home will be offered at 60 percent of market value, and to people who earn less than 80 percent of the area’s median income.
Sale price of the house is expected to be $180,000, but it cannot be built for that amount, which necessitates the trust’s funding program, Mr. Horman said. The trust is currently looking for developers to present plans for the house to be built on Wing Road. Once the trust subsidizes that construction cost, it is expected they will have $10,000 to $15,000 left in the program, he said.
“We’re requesting a re-funding of that same program, so that we can move ahead, try to acquire another building lot and subsidize the cost of another home,” he said.
Mr. Horman said that the trust has built eight or nine houses over the years, of which he has been involved with three or four. He said a deed restriction comes with the purchase of any home built by the trust that requires the owner, should they decide to sell, to sell to someone else who also earns less than 80 percent of the median income.
Ms. Ross said that there has been only re-sale over the past 10 to 15 years, and the homes have not needed to be rehabilitated or renovated.
“We’ve been lucky. People keep their houses well,” she said.
The housing trust has also requested $61,350 in CPA funds for administrative support. Ms. Ross told CPC members that all of the authority’s projects require a certain level of proficiency and know-how, including technical, clerical and legal help. Constant contact must be maintained with the state’s Department of Housing and Community Development to ensure that the authority is in compliance with all state regulations and parameters, she said. The authority’s all-volunteer board has neither the expertise nor the time needed, she said.
“The state mandates that the town supports and promotes affordable housing. This allows us to do it…