The proposed housing project has requested a subsidy of $52,000 per unit for land acquisition, with a potential additional request of $1.9 million for construction, totaling $4.5 million. This figure is below the board’s guideline of $150,000 per unit, making it financially appealing. However, some board members expressed concerns about the project’s focus on age-restricted housing, with nearly 85% of the waitlist consisting of one-bedroom applicants over 62. The community’s need for senior housing was emphasized, reinforced by lengthy waitlists and the increasing number of single-person households.

The discussion included the possibility of removing age restrictions to accommodate broader housing needs. However, representatives from the Falmouth Housing Corporation warned against this, citing risks in attracting investor interest and jeopardizing the project’s viability. The board acknowledged the urgency of addressing affordable housing, recognizing the pressure to support a workforce in Falmouth while also considering the growing number of low-income seniors at risk of becoming unhoused.

Community members voiced varied opinions, with some advocating for a focus on workforce housing. A developer suggested relocating the senior housing component to preserve a historic designation on the current property, potentially yielding financial benefits for affordable housing. Concerns were raised about the project’s feasibility without town funding, with some residents emphasizing the risk of losing the site to a market-rate buyer if the board did not act swiftly.

The Select Board also addressed the strategic planning and funding challenges related to the town’s capital budget. The FY27 capital budget was proposed at $14,150,000, with a significant reliance on bond proceeds and grants, including a $7.19 million state grant for the East Falmouth Library. The board discussed potential borrowing projects, such as a $65 million police station, raising concerns about the financial burden on taxpayers. A debt exclusion ballot is anticipated to address the tax impact, estimated between $135 and $225 annually for median single-family homes.

In addition to housing and budget concerns, the board reviewed the need for repairs at the West Falmouth Fire Station. The station, built in 1930, requires exterior and interior improvements, with an estimated cost between $160,000 and $180,000. The board emphasized the importance of addressing life safety and habitability issues, proposing a funding request of $250,000 to the Community Preservation Committee. The timeline for repairs is projected to take eight to twelve months, factoring in seasonal conditions.

The board is urged to engage with the community to align priorities with budgetary constraints and ensure that investments reflect public needs.

The meeting also touched on the development of a strategic plan and performance measurement platform, aimed at aligning capital projects with the town’s goals. The board emphasized the need for consistency and transparency in strategic planning, with plans to engage the community in workshops to prioritize projects. The strategic plan serves as a management tool, helping the board monitor progress and adjust resource allocations as needed.