During the Falmouth Zoning Board of Appeals meeting on October 17, 2024, discussions centered on the pressing issue of affordable housing in the region. The meeting highlighted the need for workforce housing, particularly as the median income limits for 2024 were announced, indicating a county median income of $120,700. This figure is crucial for understanding the affordability of housing options available to residents.

The board discussed the development of new homes aimed at various income tiers, including 100%, 120%, and 280% of the Area Median Income (AMI). For instance, a two-bedroom home would be accessible to a three-person household earning up to $110,063, reflecting a growing trend of applicants earning around $100,000, often from dual-income households. This demographic shift underscores the necessity for smaller housing units, as fewer children are being reported in applying households.

The proposed project includes a mix of housing options, with plans for one two-bedroom and one three-bedroom home at 280% AMI, one two-bedroom at 100% AMI, and additional units at 120% AMI. The anticipated sale prices for these homes are positioned as "attainable" for families earning between $150,000 and $160,000 annually, although concerns remain about the accessibility of these prices for many local residents.

The board emphasized the importance of meeting local and regional housing goals, including the creation of 400 housing units by 2029 as recommended by the Affordable Housing Production Plan. Currently, the median sale price for homes in the county stands at approximately $775,000, necessitating an income of around $210,000 to afford a mortgage. This stark reality has led to a significant number of Cape Cod workers living off the Cape and commuting, with reports indicating a loss of about 800 families earning $100,000 or less annually.

The Falmouth Affordable Housing Fund has allocated $750,000 to support the project, with $650,000 earmarked for construction, pending board approval. The meeting concluded with a call for continued efforts to address the housing crisis, as the community grapples with a significant shortage of affordable and attainable housing options. The discussions reflect a broader commitment to ensuring that Falmouth can provide housing for residents at all income levels, addressing both current needs and future growth.