Statewide Perspective on CPA & Housing Tom Callahan - PowerPoint PPT Presentation

Statewide Perspective on CPA & Housing Tom Callahan Massachusetts Affordable Housing Alliance Community Preservation Coalition

175 CPA Communities

CPA by the Numbers (through FY2018) HISTORIC PRESERVATION : 5,100 appropriations made OPEN SPACE : 29,289 acres preserved OUTDOOR RECREATION : 2,200 projects funded AFFORDABLE HOUSING : 15,500 units created or supported - Over 10,000 projects approved & $2.1 billion raised -

CPA Housing by the Numbers (through FY2018) • $414 million in spending + $891 million in leveraged funds • Almost 2000 legislative body appropriations

CPA Housing Funds: Direct Spending Per Year Approval Year CPA Housing Funds 2018** $20,127,870 2017 $35,549,075 2016 $36,156,589 2015 $30,963,303 2014 $27,847,858 2013 $20,995,051 2012 $23,038,298 2011 $22,211,885 2010 $30,461,310 2009 $29,515,092 2008 $30,883,381 2007 $23,518,106 2006 $23,161,662 2005 $17,520,415 2004 $14,726,975 2003 $13,367,782 2002 $12,609,661 2001 $1,117,461 Total $413,771,774 ** Only half a year (Through 6/30) Last year, $15,023,896 was approved for housing in the fall.

Direct Spending Through FY18 • Housing: $413,771,774 • Historic: $406,478,658 • Open Space: $345,144,198 • Recreation: $283,829,749 • TBD: $33,080,645

With Bonding Authorizations Through FY18 • Housing: $440,232,303 • Historic: $496,403,919 • Open Space: $474,596,053 • Recreation: $338,816,004

New Uses of CPA Funds that Impact on Production • Housing Authority “Preservation” • Rental Assistance & Other Similar Programs • Transfers to Trusts

Number of Housing Units Created & Number of Housing Units Supported 100% 57 4 90% 155 65 235 182 80% 470 49 298 610 70% 476 267 1,178 1,091 904 1,856 60% 836 717 50% 280 18 40% 323 113 410 282 30% 454 46 250 486 20% 322 772 174 585 618 297 10% 209 145 0% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018* Housing Units New Housing Units Supported * Only half a year (Through 6/30) Last fall showed 162 new units and supporting 209 units

Housing Trusts Spending and Reporting • Housing Trust Transfers averaging $18 to $19 million per year (last 3 years). • State CPA database reports transfers to a housing trust in 47 communities. • But...only 18 of those communities reported what the Housing Trust did with the money.

CPA Housing Trends

Cape Cod Village

Mystic Water Works, Somerville

Gale General Store, Northborough

Noquochoke Village, Westport

Rolling Green Apartments, Amherst

Homeless Youth Housing, Westfield

Questions? For more information: www.communitypreservation.org 617-367-8998