CPA NEWS The Community Preservation Committee received 20 Community Preservation Act (CPA) applications for consideration in this funding cycle. There are four community housing, four recreation, one open space, and eleven historic preservation proposals.
The Committee will review applications and interview applicants through November and December 2016 before making funding recommendations for consideration at the spring Annual Town Meeting. View the FY17 grant application summary
CPA OVERVIEW The Community Preservation Act (CPA) MGL. c. 44B was enacted by the state to allow any Town in Massachusetts to adopt a property tax surcharge of up to 3%, the revenues from which and any matching State funds (up to 100%) could be appropriated for community housing, historic preservation, open space, and recreation projects.
In January 2005, Yarmouth voters adopted a 3% property tax under the Community Preservation Act and withdrew from the Cape Cod Landbank. Since then, the Town appointed a nine-member Community Preservation Committee and Town Meeting has approved 27 projects based on Community Preservation Committee recommendations.
CPA funds may be spent on qualifying projects in the four target areas of community housing, historic preservation, open space, and recreation. These funds cannot be used for any other purposes.
Over the next two months, the Committee will review applications and interview applicants before
making recommendations for consideration at the spring Annual Town Meeting.