Massachusetts Housing Partnership Connie Kruger, AICP Massachusetts Housing Partnership April 28, 2007 Western Mass Conference on the Community Preservation Act CPA & Housing

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

CPA committees are required to complete a needs study. Assessing Local Housing Needs

2006 MHP Study: The Community Preservation Act and Affordable Housing in Massachusetts: Learning from the First Five Years” MHP Publications

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.” Eligible Housing Activities

CPA community housing can serve households earning up to 100% of the area median income. Who is served?

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 Ch. 40B Subsidized Housing Inventory

10% minimum of CPA funds for community housing per year 80% maximum Bonding for large projects 5% administrative budget CPA Funds for Housing

Number of housing representatives on CPC Project selection process Committee role - funder or facilitator Local CPA Process Considerations

1) Real Property94% –Unit acquisition71% –New construction18% –Site acquisition6.5% –Predevelopment2.5% –Improvements1.7% Handicapped accessibility Capital 3 Housing Categories

2) Financial Assistance3% –Homeowner Assistance First Time Homebuyer Improvements –Rental Subsidy

3) Support of Housing2.7% –Consultants Plans Predevelopment –Organizational Support Housing Office Start-up Municipal Housing Trust Consultant or Staff Support

Main Street Housing Townhouses Tamarack Modular Duplex Amherst

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

Chatham Lake Street

Bedford 2001 first in state to adopt CPA March 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