Description
The hearing will be held virtually through Zoom. Members of the public may watch and participate in the hearing through Zoom at: https://cambridgema.zoom.us/j/83003363315
Or Telephone: US: +1 312 626 6799 or +1 929 436 2866 or +1 301 715 8592 or +1 346 248 7799 or +1 669 900 6833 or +1 253 215 8782
Webinar ID: 830 0336 3315
You are invited to a virtual public hearing to discuss FY23 Community Preservation Act (CPA) uses. CPA funds may be used for affordable housing, historic preservation, and open space.
The meeting agenda will include providing the public an opportunity to suggest and recommend projects for CPA funding for Affordable Housing, Historic Preservation, and Open Space for FY23.
Link to Meeting Flier (PDF)
About CPA
The Community Preservation Act (CPA) was created by state law (G.L. c. 44B) to help cities and towns preserve the character of their community. In 2001, Cambridge residents voted to adopt the CPA locally, which allowed the City to implement a 3% surcharge on Property Tax bills to fund eligible projects.
The Commonwealth of Massachusetts provides "matching" funds in addition to those raised locally by the surcharge. The percentage of the state match varies from year to year, depending on two factors: the amount of fees paid at Registries of Deeds throughout the state, and the number of communities that have adopted the CPA locally (thereby receiving a share of the state match). Each year, the City is required to spend at least 10% of its annual CPA revenues on each category – open space, historic preservation and community housing. The remaining percentage can be used towards any of the three funding categories.
For more information, visit Cambridgema.gov/CPA.