The Community Preservation Act (CPA) A State Law that towns can adopt locally: Protect Land Preserve Historical Resources Create/support Affordable Housing Recreational Opportunities

For $210 / year…

State Match FY2004:$504,055 FY2005:$534,732 FY2006:$559,835 FY2007:$634,135 FY2008:$674,434 FY2009:$541,215 FY2010:$311,164 FY2011:$247,788 FY2012: $255,874 TOTAL MATCH FROM STATE: $4,263,232 CPA Fund Balance: $5.9M in available funds

New Legislation Allows use of CPA funds to rehabilitate existing recreation properties Allows Affordable Housing assistance to Individuals that qualify Allows exemptions for commercial properties (Article 43) State CPA Trust Fund to have an additional $25M per year; double our annual state match

New Seniors Small Grant Program Funded with CPA Money Available to Norwell Residents age 60 and older who plan to stay in home for next 12 months Home assessed at $534,000 or less Average Grant will be about $2500, but any need will be considered *Other tax relief is available for Seniors – Contact the Assessor’s Office at Town Hall

Impact on Surcharge Reduction or Revocation CPA exemptions available to low income residents and moderate income seniors Average home value is $543,000 *Projected figures based on FY13 tax information 3%1%Revocation Local Surcharge Revenue*$872,695$296,4370 Average Home pays$210$700 Estimated State match~$500,000~140,0000 Total into CPA Fund~$1.4M~$436,0000

Historic Jacob’s Farm Vote No on Articles 41 and 42 Keep our CPA program going strong!

Impact on Surcharge Reduction or Revocation CPA exemptions available to low income residents and moderate income seniors Average home value is $543,000 *Projected figures based on FY13 tax information 3%2%1% Local Surcharge Revenue*$872,695$581,052$296,437 Average Home pays$210$140$70 Estimated State match~$500,000~280,000~140,000 Total into CPA Fund~$1.4M~$861,000~$436,000