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For years, the lack of opportunities for down-sizing in Lexington has been identified as a major <br /> concern of residents. Given that current CPA guidelines allow for CPA support for community <br /> housing serving individuals earning less than 100% of the area AMI, it would seem that CPA <br /> support for new senior developments is warranted. <br /> Seeking to secure land for additional LexHAB projects warrants priority attention. Some <br /> communities increase affordable rental units by contributing to tenant's rental payments. <br /> Consideration of implementing this approach is appropriate. <br /> The Town is exploring the creation of both an affordable housing trust to manage community <br /> housing funding and a housing development corporation to supplement the LHA and LexHAB <br /> efforts. The Town should also work with outside housing developers to further these efforts. In <br /> future years, these may provide additional opportunities to fund and construct housing. <br /> 11 <br />