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The Community Preservation Actin Sutton – May 27, 2004
Who We Are
• Partnership of advocates for open space, affordable housing and historic preservation
• Worked for 15 years to help pass the CPA in the state legislature
• Helping communities to understand, adopt and implement CPA.
The Community Preservation Coalition
Open Space
Historic Preservation
Affordable Housing
Allows communities to establish a dedicated fund for:
The Community Preservation Act
MAP
Basics of the ActBasics of the Act
• Local adoption needed
• Establishes up to a 3% surcharge on local property taxes
• Requires 10% of monies to be spent on each of the 3 categories
• Allows flexibility for the remaining 70% in each of the 3 categories
• Establishes a Community Preservation Committee
Exemptions to the CPAExemptions to the 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.
Maximum Incomes for ExemptionMaximum Incomes for Exemption
One person in
household
Two people in
household
Four people in household
Seniors (residents over 60)
$48,510 $55,440
Low-income residents
$33,808 $44,352 $55,440
What does that mean for the taxpayer?What does that mean for the taxpayer?
Median Assessed Home Value $248,000* With $100,000 exemption $100,000Net House Value Surcharged $148,000Municipal Tax Rate (per $1000) $ 12.32
_______Amount Subject to Surcharge $1823CPA Surcharge Rate 2%
_______Amount paid toward CPA Fund $36
Based on this scenario, $36 would be paid into the Community Preservation Trust Fund annually
Sutton CPA Revenue and Surcharge Sutton CPA Revenue and Surcharge ScenariosScenarios
Surcharge Cost Amount Raised
With First $100,000 Exemption
1.0% $ 18 $ 66,653
2.0% $ 36 $ 133,306
3.0% $ 55 $ 199,959
Without First $100,000 Exemption
1.0% $ 31 $ 103,588
2.0% $ 61 $ 207,177
3.0% $ 92 $ 310,765
Commissioner of RevenueDisburses Match
(October 15th)
State Matching FundsState Matching Funds
FY 2002$17.8 Million
Match Distribution
FY 2003$27.2 Million
Match Distribution
Fund balance is more than
$110 million
Amending or Repealing Amending or Repealing the CPAthe CPA
• The CPA must remain in place for at least five years.
• After five years the Act can be repealed at any time using the same procedures available for passage of the Act.
• Amendments to the surcharge percentage or the authorized exemptions can be made at any time using the same procedures available for passage of the Act.
Potential Uses of CPA FundsPotential Uses of CPA Funds
Open SpaceOpen 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 - APR
Historic PreservationHistoric Preservation
Community Preservation funds may be used for acquisition, preservation, rehabilitation or restoration of a building(s) or real property that:
• has been determined by the local historic preservation commission to be significant in the history, archeology, architecture or culture of a city or town; or
• is listed or eligible for listing on the state register of historic places
Historic PreservationHistoric Preservation
• Restoration of historic municipal properties• Adaptive reuse• Capital improvements to existing sites• Reversal of historically inappropriate alterations• Environmental mitigation• Signage• Grants to private non-profit groups, or individuals with a preservation easement
CPA HousingCPA Housing
• Income limits for recipients ($69,300 for a family of four).
• Units can count towards 40B requirement• Protected forever• Can build new homes or convert existing• Can help people buy homes or rent them
RecreationRecreation
Also, 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.
Community PreservationCommunity Preservation Committee Committee
• Membership: (one from each)
– Conservation Commission– Historic Commission– Planning Board– Board of Park Commissioners– Housing Authority
• Bylaw or Ordinance specifies:– Method of selection
• (elected, appointed)– Length of term – Number of members (5-9)
Community Preservation Act Funding in FY 2002-2004
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
16000000
FY 2002 FY 2003 FY 2004
Recreation
Historic
Open Space
Housing
CPA MilestonesCPA Milestones
• 65 Adopting Communities
• 15-20 Communities voting in 2004
• More than $110 million appropriated so far
• Nearly 550 units of housing created
• About 4,000 acres of open space protected
• More than 140 historic sites preserved
For Further InformationFor Further Information
www.communitypreservation.org