fennolosa presentation 3 30 15

14
The Community Preservation Act

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Page 1: Fennolosa presentation 3 30 15

The Community Preservation Act

Page 2: Fennolosa presentation 3 30 15

Historic Resources

Affordable Housing

Enables a community to fund four areas:

The Community Preservation Act

Recreation

Franklin School Apartments

Open Space

Page 3: Fennolosa presentation 3 30 15

Community Preservation Act Adoption

Page 4: Fennolosa presentation 3 30 15

Community Preservation Trust FundCommunity Preservation Trust Fund

In

Lexington

In Other

Towns

Fees

Fees

Middlesex

County

Other

Counties

Fees

Registries of Deeds/

Land Courts

Buyers &

Sellers

Fees

State

Community

Preservation

Trust Fund

Fees:

• $20 for Deeds

• $10 for Liens

$$

Distribution

to

participating

towns

Source of state matching funds

Page 5: Fennolosa presentation 3 30 15

Lexington State Matches to Date:

Year Percentage Amount

2008 100.00 $2,556,362

2009 69.00 $1,927,708

2010 36.17 $1,060,390

2011 28.22 $ 858,729

2012 27.62 $ 885,463

2013 27.79 $ 929,507

2014 54.09 $1,932,347

2015 32.56 $1,230,116

TOTAL $11,380,622

Page 6: Fennolosa presentation 3 30 15

• 158 communities (45%) have adopted CPA

• Close to $1.4 billion has been raised to date for community

preservation funding statewide

• Over 7,500 projects have been approved by local legislative bodies

• Over 8,500 affordable housing units have been created or supported

• 21,838 acres of open space have been preserved

• Over 3,600 appropriations have been made for historic

preservation projects

• Nearly 1,250 outdoor recreation projects have been initiated

CPA Accomplishments To Date:

Page 7: Fennolosa presentation 3 30 15

Input &

Fe

edba

ckLexington CPA Fund

3% Surcharge Funds

(Started July 2006)

State Funds –

(First match: Oct., 2007)

Community

Preservation

Committee

(CPC)*

Public

Hearings

Town

Meeting

Approved

Appropriations

Recommended

Appropriations

* CPC consists of 9 members – From Conservation Commission, Historical

Commission, Housing Authority, Housing Partnership, Planning Board and

Recreation Committee and 3 at-large members appointed by the Selectmen

Town Boards

& Committees

Public

Hearings

CPA funds allocation processCPA funds allocation process

Page 8: Fennolosa presentation 3 30 15

Lexington CPA Project Funding to Date:

Community Housing $ 7,797,857

Historic Resources $33,983,629

Open Space $13,932,015

Recreational Resources $ 4,202,392

TOTAL $59,915,893*

* (Does not include Admin. appropriation of $1,030,000)

Page 9: Fennolosa presentation 3 30 15

Benefits to Lexington:

Preservation of 78 acres of Open Space

Funding of 43 Historic Resource projects

Creation or preservation of 18 Recreational

Resources

Creation or support of 253 units of Community

Housing

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CPA funds support projects that:

Preserve important historic resources

Meet critical housing needs

Acquire open space

Preserve recreational

facilities

…and help preserve and

enhance the character

of our community!