Issue · Falmouth, MA

Affordable Housing Fund Awards and Rescissions

Decisions on $3.4M in earmarked funds affect the town's commitment to workforce housing and set precedents for future developers.

Overview

Select Board reviewed applications for $350k in trust funding and debated rescinding a prior $3.4M award after a developer failed to close. The rescission motion failed for lack of a second. Financing and septic requirements for projects were also discussed.

Arguments in favor

Fiduciary duty requires rescinding unspent awards when developers do not close.

select-board 2026-05-04

For

Arguments against

Rescission conflicts with social and housing policy goals.

select-board 2026-05-04

Against

Where it was discussed

Meetings that took up this issue.

Select Board

2026-06-08voted to rescind $3.4M award to Brushwood 5:45 LLC due to lack of viable pathway