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Western Mass Conference on the Community Preservation Act CPA & Housing Connie Kruger, AICP Massachusetts Housing Partnership April 28, 2007 Massachusetts Housing Partnership 160 Federal Street Boston, MA 02110 617-330-9955 www.mhp.net About MHP •Quasi-public affordable housing agency •Lender for affordable rental projects •Community Housing Initiatives Technical Assistance to Municipalities & Housing Authorities First Time Home Buyer Mortgage Program Ch. 40B Technical Assistance Assessing Local Housing Needs CPA committees are required to complete a needs study. www.mhp.net MHP Publications 2006 MHP Study: The Community Preservation Act and Affordable Housing in Massachusetts: Learning from the First Five Years” Eligible Housing Activities CPA statute allows for…”preservation and support of community housing…the community preservation committee shall recommend, whenever possible, the reuse of existing buildings or construction of new buildings on previously developed sites.” Who is served? CPA community housing can serve households earning up to 100% of the area median income. Ch. 40B Subsidized Housing Inventory • 80% of Area Median Income – May vary under local program • Long-term deed restriction to preserve affordability • Open affirmative marketing – Preference categories – Fair housing laws CPA Funds for Housing 10% minimum of CPA funds for community housing per year 80% maximum Bonding for large projects 5% administrative budget Local CPA Process Considerations • Number of housing representatives on CPC •Project selection process •Committee role - funder or facilitator 3 Housing Categories 1) Real Property – – – – – Unit acquisition New construction Site acquisition Predevelopment Improvements • Handicapped accessibility • Capital 94% 71% 18% 6.5% 2.5% 1.7% 2) Financial Assistance – Homeowner Assistance • First Time Homebuyer • Improvements – Rental Subsidy 3% 3) Support of Housing 2.7% – Consultants • Plans • Predevelopment – Organizational Support • Housing Office • Start-up Municipal Housing Trust • Consultant or Staff Support Main Street Housing Townhouses Amherst Tamarack Modular Duplex Chatham •Rental voucher program administered by Chatham Housing Authority •Funding for Habitat for Humanity units •$125,000 for an affordable housing down payment program •$160,000 toward renovation of 6 rental units at historic Marconi station for homeownership •$300,000 to non-profit developer for 47 units on town owned land on Lake Street Lake Street Chatham Bedford •2001 first in state to adopt CPA March 2001 •2002 purchased 2 apartments, rehabbed and sold as 2 condominiums for $125,000 each •2002 initiated condo buy down program, purchasing previously affordable units built in 1980s ($161,200 CPA funds) •Patriot Place 10 units rental development ($220,000 CPA funds) •Concord Road 14 unit rental development ($425,000 CPA funds) Concord Road, Bedford Stony Brook, Westford