Community Preservation Committee Special Meeting 02-13-2020

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APPLICATION 00:00:54

An Application has been received from Mr. Jake Dewey requesting $400,000 Community Preservation Housing funds for the creation of 4 affordable residential rental apartment units ($100,000 each) within a 13 apartment unit redevelopment project called “Mid-Point Apartments” located at 560 West Main Street, Hyannis. Three units will be restricted at 80% AMI and 1 unit at 65% AMI


CORRESPONDENCE RECEIVED 00:15:26

• Substantial CPA Trust Fund Payment (State match now $905,447)– Vote to set aside 10% of the excess for each program area for FY20 ($54,574). • Community Preservation Coalition Dues Notice for Annual Membership Dues in the amount of $7,900. Discussion/vote to retain membership and pay dues


PROJECT UPDATES 00:16:30

• Affordable Housing Growth & Development Trust & West Barnstable Community Building Applications were approved by the Town Council with funding available February 25, 2020. • Orenda draft CR/plan under review by Orenda, and on LAPC agenda Monday February 10, 2020.


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