Presentation on theme: "How does CPA work? Basics of the Act for Communities Considering Adoption Presented by: Jennifer M. Goldson, AICP JM Goldson community preservation + planning."— Presentation transcript:
How does CPA work? Basics of the Act for Communities Considering Adoption Presented by: Jennifer M. Goldson, AICP JM Goldson community preservation + planning
Open Space (and recreation) Historic Preservation Community Housing Allows communities to establish a dedicated fund for: The Community Preservation Act
Basics of the Act Local adoption needed Establishes up to a 3% surcharge on local property taxes Requires 10% to be spent on each of the 3 main categories Allows flexibility for spending the remaining 70% Not a permanent commitment Includes matching funds!
Exemptions to the CPA Surcharge Any existing exemptions apply to CPA. First $100,000 of property value – exempts the first $100,000 of residential property value from the surcharge. Low-moderate income – exempts any household that earns less than 80% of area median and any senior (60+) who earns up to 100% of the median.
What does that mean for the a sample taxpayer? Avg Assessed Home Value $415,767 Less $100,000 exemption $100,000 Net House Value Surcharged $315,767 Municipal Tax Rate (per $1000)x $ 12.11 _______ Amount Subject to Surcharge $3,827 CPA Surcharge Rate x 2% _______ Amount paid toward CPA Fund $77 Based on this scenario, $77 would be paid into the local Community Preservation Fund annually
Sample CPA Revenue (Before State Match) SurchargeCostAmount Raised With First $100,000 Exemption 1.0% $ 38 $164,915 2.0% $ 77 $329,829 3.0% $ 115 $494,744 No Exemptions 1.0% $50 $199,537 2.0% $100 $399,074 3.0% $151 $598,611
Amending or Repealing the CPA The CPA must remain in place for at least five years. After five years the Act can be repealed at any time. Amendments to surcharge percentage or exemptions can be made at any time.
Community Preservation Committee Required Members (one from each): –Conservation Commission –Historic Commission –Planning Board –Recreation Board –Housing Authority Up to 4 additional members (optional)
CPC Responsibilities Assess community preservation resources, needs, & possibilities –Many also create CPA goals and/or selection criteria Hold at least one public hearing Solicit and screen projects Recommend CPA expenditures to the Local Legislative Body Track CPA spending
Open Space Community Preservation funds may be used to: 1. Purchase land 2. Purchase easements or restrictions on land 3. Protect drinking water 4. Protect nature preserves 5. Restore polluted land to its natural state 6. Protect farms and farmland
Recreation Land can be purchased for : 1. Active and passive recreation 2. Community gardens 3. Trails 4. Non-commercial sports 5. Parks, playgrounds or athletic fields Focus is on outdoor recreational facilities
CPA Recreation Projects McGrath Park, Agawam Skateboard Park, Bedford Stearns Park, Newton Town forest, Rowley Other CPA-Funded Recreation Projects
Historic Preservation Community Preservation funds may be used for acquisition, preservation, rehabilitation or restoration of historic resources that are: listed or eligible for listing on the state register of historic places, or determined by the local historic preservation commission to be significant in the history, archeology, architecture, or culture of a city or town
Historic Preservation Restoration of historic municipal properties Adaptive reuse Accessibility and other code improvements to existing sites Grants to private non-profit groups, or individuals in return for a preservation restriction
Preservation of Historic Town Documents - Boxford
CPA Housing For families and individuals earning up to 100% of area median income: –Springfield MSA - $62,900 for family of four Units count toward 10% housing goal if inhabitants earn less than 80% of median.
Housing Projects Comprehensive housing plans Conversion of existing stock Programs New construction “Friendly” 40B Housing Trusts
Match Distributed Every October 15 State Matching Funds FY 2002 $17.8 Million Match Distribution FY 2003 $27.2 Million Match Distribution FY 2005 $46.3 Million Match Distribution FY 2004 $31.4 Million Match Distribution FY 2006 $58.6 Million Match Distribution
Using CPA to Leverage Other Funding TownProjectCPA $Other $ PeabodyRail-trail$162,000$1.36 million federal grant BedfordArcheological survey$10,000$15,000 from MHC EasthamptonRestore Town Hall$50,000$50,000 from MHC NewtonElderly housing$850,000$3.167 million from HUD GraftonHassanamesitt Village – open space/historic preservation $250,000$1.85 million from state, federal and private sources Hampden166 acres open space$100,000$400,00 from state and private sources
CPA Milestones 119 CPA communities (just over 1/3 of state) Other states using MA CPA as a model More than $212 million appropriated so far for CPA projects Over 870 units of affordable housing created More than 7,300 acres of open space protected Over 300 historic sites and resources preserved 154 recreational projects
For Further Information www.communitypreservation.org 617-367-8998 Jennifer M. Goldson, AICP JM Goldson community preservation + planning firstname.lastname@example.org 617-990-4971