MassachusettsHousing Partnership
160 Federal StreetBoston, MA 02110617-330-9955www.mhp.net
Connie KrugerViviana Lopez
Massachusetts Housing PartnershipNov. 10, 2007
Southeastern Massachusetts Conference on theCommunity Preservation Act
Bridgewater State College
CPA & Housing
About MHP
•Quasi-public affordable housing agency•Lender for affordable rental projects•Community Housing Initiatives
First Time Home Buyer Mortgage ProgramCh. 40B Technical AssistanceTechnical Assistance to Municipalities & Housing Authorities
WorkshopsPublications Web Resources
CPA committees are required to complete a needs study.
www.mhp.net
Existing Housing Plan
Planned Production Plan
CPA Funds for Consultant
Assessing Housing Needs
Soon to be Released:
Guidebook for Communities on CPA & Affordable Housing
MHP Publications
CPA statute allows for…”acquisition, creation, preservation and support of community housing…the community preservation committee shall recommend, whenever possible, the reuse of existing buildings or construction of new buildings on previously developed sites.”
Eligible Housing Activities
CPA community housing can serve households earning up to 100% of the area median income (HUD).
Projects that also serve a higher income level can use CPA funds in proportionate to percentage households served <100% AMI.
Who is served?
Local Initiative Program (LIP) is route to have CPA funded units count on SHI--Local Action Units
• <80% of Area Median Income
• Long-term deed restriction to preserve affordability
• Open affirmative marketing– Preference categories– Fair housing laws
Ch. 40B Subsidized Housing Inventory
10% minimum of CPA funds for community housing per year
75% maximum
5% administrative budget• some planning & project feasibility
bonding for large projects
CPA Funds for Housing
Number of housing representatives on CPC•Mandatory (5)
•At-large
Project Selection Process
Committee role: funder or facilitator
Community Preservation Committee
Capacity Building
Administrative
Professional Support
Planning
Zoning
Local Project Criteria
Eligible Housing Activities
Pre-Development Activities
Appraisals
Feasibility Studies• Site• Financial
Legal
Permit Review
Preliminary Design
Surveys
Project Feasibility: Preliminary Site Design
Production
AcquisitionLandBuilding
Development of Public LandRFP & Land Disposition
Infill
Accessory Apartments
Adaptive Reuse
Mixed Use
Types of Housing Production
Cable Mills Williamstown
Adaptive Reuse for Mixed-Income Housing
More Production Activities
Co-housingLimited Equity CoopCongregate
Special Needs
Amherst Modular DuplexAccessible Unit
Making Existing Housing Affordable
Purchase Deed Restrictions
Buy Down Program
Increase Affordability
Improvements to Public Housing
Housing Rehabilitation
Down Payment Assistance
Rental Assistance
Security Deposit Program
Financial Assistance
Municipal Housing Trust
Use in conjunction with CPA
Flexible way to respond to market opportunities
Municipal oversight
Forming a Trust
2005 An Act Establishing Municipal Housing Trust FundsLocal OptionBoard of Trustees – min. 5 membersReceive funds from:
feesprivate contributionsinclusionary zoning CPA
Eligible Activities: accept & receive property; purchase and retain property; sell, lease or convey property; make contracts; borrow money and mortgage assests
The CPA Experience
CPA projects are locally initiated
CPA funds are flexible
CPA funds leverage other resources
CPA community examplesCPA community examples
Amherst
Bedford
Cambridge
• Passed CPA in 2001
• Strong local support for affordable housing
• All above 10 percent 40B requirement
Bedford & CPABedford & CPA
Concord Road in Bedford14 rental units in 3 multi-family buildings
Received $725,000 CPA funding
•1990 Home prices: $200,000
•Today’s home prices: $440,000+
2001: Passed CPA,Created long-term housing plan
Bedford & CPABedford & CPA
Patriot Place: 10 unit, 40B LIP$270,000 CPA funds
Capacity building: -- Grant-writer/consultant for housing trust $25,000 – 3 years
Housing Production Condo buy-down programDuplex-conversion program
COMING SOON…
Habitat for Humanity: 2007 $600,000 in CPA funds8 affordable homeownership units
Amherst & CPAAmherst & CPAHousing Acquisition, Preservation, and Production:Keet House – Acquisition, preservation$85,000 CPA funding
Tamarack Drive – New production$45,000 for pre-development$40,000 for development costs
Main Street – New infill housing$75,000 Acquisition$155,000 Predevelopment$45,000 leverage
Amherst & CPAAmherst & CPA
Habitat for Humanity$30,000 CPA4 affordable homeownership unitsLand donated by Amherst College
Cambridge & CPACambridge & CPA
Affordable Housing Trust Fund$57 million in CPA funding since
200180 percent of CPA funds
23 projects creating or preserving over 550 units
Scouting WayHousing and historic preservation$990,000 for acquisition13 units
Cambridge & CPACambridge & CPA407-411 Cambridge Street Preservation/Rehabilitation$560,718 in Trust/CPA funds6 rental units Trolley Square
Mixed use, mixed income$2.36 million Trust/CPA
8 homeownership, 32 rental
www.mhp.net
617-330-9944 – Bostonx281 – Connie
[email protected] – Viviana
Contact us:Contact us:
413-253-7379 – Amherstx11 – Connie
