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Welcome to CPA Update from the Community
Preservation Coalition.
We often hear of communities that approve
terrific CPA projects that cost more than what is
currently available in their CPA accounts. How are
municipalities able to get these projects done? Two
tools can help: bonding and leveraging, and this
issue
of CPA Update explores both.
Important Reminder: The Coalition
is
expanding our Steering Committee and we're looking
for candidates to serve. We are slightly extending the
deadline for local CPC members who are applying to
March 15th, to accommodate those who were on
vacation in February. If you are interested, click here.
Bonding CPA Projects
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Many CPA communities are issuing bonds against
their future CPA revenue stream in order to fund larger
projects. In fact, over 40 communities have issued
bonds for 71 different CPA projects, raising roughly
$112M through bonding (note: figures include projects
approved through end of FY07).
The majority of these projects are open
space projects, resulting in the protection of over
3,000 acres of open space. Many bonds have also
been issued to fund projects in the other CPA
categories: approximately $29M for historic
preservation, $18M for community housing, and $13M
for recreation.
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Leveraging CPA Funds
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Many CPCs encourage project applicants to leverage
CPA funds with other funding sources, in order to
expand the money available for community
preservation. These efforts have paid off. The
effectiveness of the CPA is multiplied through
matches from state and federal grant programs, other
local funds, non-profit assistance, and private
fundraising.
This article shows how three CPA
communities (Belchertown, Plymouth and Randolph)
have been successful at leveraging non-CPA funding
sources. We also highlight some potential sources of
other funds and information on how to apply.
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Interesting State CPA Websites
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If you want to follow the month-by-month progress of
revenue received by the state's CPA Trust Fund, the
Department of Revenue (DOR) publishes the "Blue
Book" of monthly collections. Through January 2008,
trust fund receipts totalled $13,651,289, down
approximately 16% from FY07. The Community
Preservation Trust is listed in the reports
under "Miscellaneous Funds." To view the reports for
FY08, click here.
DOR also maintains a webpage of CPA
information, including complete data on CPA
adoption, matching funds distributed, and a
spreadsheet of CPA surcharge reports (click here).
The state's Executive Office of Energy and
Environmental Affairs maintains a very helpful and
informative website on the CPA (click here).
The site includes basic information about the CPA
including all DOR bulletins as well as a CPA status
map, the low and moderate income worksheet, and
links to the three DOR reports that must be filed
annually on CPA.
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News from the Coalition
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Coalition Honored as "Conservationist of the
Year" The Trustees of
Reservations (TTOR) honored the Community
Preservation Coalition at its recent annual meeting.
The Coalition accepted the award on behalf of the 127
CPA communities in the state, whose projects have
made CPA a true success story.
View the award speech on
CPA and The Coalition by TTOR's Wesley Ward
TTOR Joins
Coalition The Coalition is delighted to
welcome The Trustees of
Reservations as a Coalition member, joining The
Trust for Public Land (TPL), Mass Audubon, The
National Trust for Historic Preservation, Preservation
Massachusetts, The Massachusetts Affordable
Housing Alliance (MAHA), and Citizens Housing
and Planning Association (CHAPA).
2007 Year in
Review The Coalition has published a
short review of its accomplishments in 2007, detailing
our legislative activities, technical assistance stats,
conferences and other projects.
View the 2007 Year in
Review
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CPA at Work in Small Towns
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CPA at Work in Small Towns is a brochure
published
by the Highland Communities Initiative (HCI), a
program of the Trustees of Reservations. The
brochure focuses on what small towns can do with
CPA funds and features projects in Bedford, Leverett,
Georgetown, Rowley, Southampton, Stow, and Upton,
among others.
View
HCI website and follow the link for CPA at Work in
Small Towns
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Details on this Issue's CPA Project Photo
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The CPA project featured in this issue is a
community housing project in the Town of Lincoln.
The photo shows Lincoln's Sunnyside Lane housing
project which created four units of town-owned
affordable rental housing. CPA funded the $119K
acquisition of two lots from the state and $673K for
construction of an accessory apartment on the rear of
an existing unit as well as a new duplex. Lincoln's
Housing Committee spearheaded the project just
after the Town's adoption of the CPA.
Under the leadership of the Housing
Committee, the Town accomplished this project
through resourceful means including labor from the
Minuteman Regional High School, landscape
donations from a local nursery, and modular housing
for the duplex, which was built off-site in a factory and
shipped to Lincoln. In addition, the project received
private contributions from the Lincoln Foundation.
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