Falmouth Housing Trust Director Karen Bissonnette deserves credit for her persistence in getting the town to adopt the small house on town property in East Falmouth that was reserved for a well. Her bid will go to Town Meeting, but our guess is it will end there. The cost of rehabilitating the house is significant. More bang for the buck can probably be found elsewhere.
It might be too late in the process, but that bang for the buck might be to work with James Curtis, who is converting office space into three to four apartments in his buildings on Spring Bars Road and Worcester Court.
Mr. Curtis has no plans to make the apartments affordable beyond the market value of one- and two-bedroom units. But why not offer him subsidies if he makes the apartments affordable? The devil could be in the details with this idea, but it seems reasonable to believe subsidies in the order of $250,000 could seal a deal.
Without any additional expense of filing with the state, the units might not count toward the town’s affordable housing inventory. But at least Falmouth would have four more affordable apartments in a good location, and that counts for a lot.