Round 2: Cape's Housing Market Study meetings, May 31 & June 1

May 9, 2017

Issues related to housing, its supply, location and ability to create are part of the ongoing update to the Regional Policy Plan. The Commission is looking at approaches to direct new housing development into regional activity centers, creating compact, vibrant, and walkable centers in which Cape residents of all life stages and incomes can live, work and play.

The Commission engaged Crane Associates, Inc., in collaboration with Economic and Policy Resources, Inc., to develop a Regional Housing Market analysis of Cape Cod and for each town on Cape Cod. Recognizing the region’s unique needs, sub regional opportunities and constraints of the Upper Cape, Mid Cape, Lower Cape and Outer Cape are also part of the analysis.

The study’s objective is to show what housing products are obtainable to households at a range of income levels up to 160% of median income without overspending housing budgets (generally considered 30-40% of household income). The supply of these housing products, compared to the regional demand for them, will show any gaps that exist between housing availability and demand for households of different demographics.