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

2. 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

3. CPA committees are required to complete a needs study. www.mhp.net Assessing Local Housing Needs

4. 2006 MHP Study: The Community Preservation Act and Affordable Housing in Massachusetts: Learning from the First Five Years” MHP Publications

5. 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

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

7. 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

8. 10% minimum of CPA funds for community housing per year 80% maximum Bonding for large projects 5% administrative budget CPA Funds for Housing

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

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

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

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

13. Main Street Housing Townhouses Tamarack Modular Duplex Amherst

14. 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

15. Chatham Lake Street

16. 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)

17. Concord Road, Bedford

18. Stony Brook, Westford