Second Home Conversions – Chapter 40B Implications

The Cape Cod Commission released a report last week providing the results of a survey conducted for them of second home owners on the Cape.  The study suggests broad implications for the Town of Dennis.  Previously, I discussed the implications on population growth, and in particular the number of potential new retirees that will be [...]

Second Home Conversion – What Will It All Mean

So, as I noted in my previous post, a study conducted for the Cape Cod Commission has predicted a possible conversion of 21.6% of the seasonal housing units in the Mid-Cape area to year-round housing as second home owners choose to make Dennis their retirement home.  In this post I will look at some of [...]

A Significant Report From The Cape Cod Commission

The following link will bring you to the recently released Survey of Second-Home Owners.  It has some interesting numbers which I will be analyzing and providing you with more on in the coming days.  Most critical is the conversion factors for the mid-cape area where 8.5% of the respondents suggested they would be converting their [...]

Condo/Hotel Survey Says

Over the past couple of months I have tried to gauge your interests in modifying the current hotel/motel zoning provisions related to interval ownership.  While these polls are clearly unscientific, they provide a sense of the visitors to this site.  The poll illustrated that 78% of those responding felt that some form of interval ownership [...]

New Affordable Housing Rental and Income Information

The US Department of  Housing and Urban Development has released new information on Affordable Housing Income Restrictions and Fair Market Rents.  This information is summarized below.

Efficiency
One-
Bedroom
Two-
Bedroom
Three-Bedroom
Four-
Bedroom

2000

$791

2001

$813

2002

$841

2003

$855

2004

$892

2005
$597
$707
$919
$1,098
$1,132

2006
$619
$725
$954
$1,138
$1,174

2007
$651
$762
$1,003
$1,197
$1,235

2008
$743
$870
$1,145
$1,366
$1,409

2009
$774
$906
$1,192
$1,422
$1,467

These rents relate to what has been deemed affordable to people with the following income limits.

1 Person Low Income
2 Person Low Income
3 Person Low [...]

Impacts of Vacant Property

Here is an interesting article regarding the hardest hit areas of the country by the current economic crisis.  While the article focuses on housing, the same can be said about commercial vacancies.  A couple of choice quotes:
“Empty housing feeds upon itself.”
“The drop in property values lead to fewer buyers, which lead to more vacancies.”
Just something [...]