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Discussing the Plot Plan for Affordable Housing on Cape Cod
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" Joining us now is Joe value of the developer on the project and that we are on -- parcel that's what three -- four X four and a half pages Bob we're happy acres and was there something here. There was -- little's camp at one time and we took that out maybe several months ago and it's originally and basically yes we're -- region where. There were people coming here and building little summer cabins and summer camps a generation ago. Yes but it's land that did not get developed it wasn't that desirable no not developed at all. Its zoning was for two acres yeah. House lot so a minimum of two acres per house right so we had a the ability to put two homes here in the land. And it really didn't lend itself very well of that because of some topographical issues we had. So there's usually put in 22 acre lots one of them was not very desirable no not at all we have a small depression that would have made it quite difficult so really. The land lent itself so well to this use and our ability to look at it as if from world. Blank slate. How many lots are we talking a total of eleven lots and lots and you've got a plot plan I do standing. Now so we're standing right over here. That's correct yep and this is the road which is a quiet country roads yes it is yet meeting house road right not very well you never -- or use. And so. Will the affordable houses be in any particular location yes I can point them out for you. This is one of our affordable homes on this lot we have an affordable. Home here. Affordable home here in affordable home. In this location and then the others will be there will be market home market values now what is a market value -- value here ranges from between 339000. Dollars to. 359000. Dollars that's a big number. But of course this is Massachusetts and this is vacate we very desirable area. And as we know that's what makes it difficult for young people and and teachers and policemen to afford houses. The houses themselves will look like this yes there we have three different styles got a ranch a cape and a colonial. And they range in size from about thirteen 120 square feet to. About 1600 square feet they're very traditional homes traditional styling traditional plans what kind of siding Bosnia siding will be wood siding. -- white cedar shingle and white clapboard white cedar which is relatively upscale materials and I guess. What I want to get at is that there won't really be any difference in the appearance or in the quality -- of the of the houses between. An affordable house and a market goes -- right all the homes. Need to look the same have the same styling in the same exterior and interior of the specifications are all the same both inside and out yet that's that's. The beauty of what we're doing and how is it that it works it's it's basically legislation and and cooperation with the town right yes. What the legislation does is it gives us the ability to create a plan. That takes best use of the land and actually to increase density somewhat. By doing that we're able to offset the cost of the affordable homes which really we're building. -- less than cost yep and they get offset by the market homes hopefully. And that's the whole theory behind this kind of how and what about the developer's profit well we're limited in our profitability. And that we have a 20% cap on costs. Sometimes. You've reached that although well. In this community it's gonna give it difficult to reach that 20%. Simply because of all the costs that we will have been that the escalation in cost since we started. Our building costs have gone out yet. Price sheet of plywood has kind of doubled in the last doubled and then it seems to keep going on this we're trying to reconcile there was going to be exciting to watch yes thank you."