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3 understands the AHT pre-funding requests to also be for unidentified properties. Mr. Pressman agreed with Ms. Morrison’s purpose of pre-funding. Ms. Foley expressed the LHA’s support for the AHT and shared the LHA’s intentions of using the AHT as a resource in the coming years. Ms. Foley also expressed support for the LHA’s ability to continue applying for funding from the CPC. LHA’s anticipated projects for upcoming years include rehabilitation, acquisition, and creation. Ms. Weiss expressed support for allocating more CPA Undesignated and Unbudgeted funds to affordable housing in addition to Community Housing funds. Ms. Heitz commented that Governor Healey’s housing bond bill was only just introduced and would likely take a couple of years to take effect and expressed support for a CPC policy to help inform the various parties on how best to acquire funding. Mr. Lamb, Mr. Cole, Ms. Beebee, and Ms. Rhodes expressed appreciation on behalf of the CEC for the AHT’s development of a 5-year plan. Mr. Boudett expressed concern for targeting 100% affordable housing projects that require town funding and subsidies when there are plans for other high-funded town projects and when traditional housing projects typically have a certain percentage of affordable housing. Ms. Walker and Ms. Prosnitz explained that there are many subsidies and incentives for 100% affordable housing projects that do not involve town funding and would comprise the majority of a project’s cost. Ms. Tung added that these incentives for full affordable housing are not available for mixed housing. Ms. Fenollosa asked Ms. Kosnoff about the possibility of funding affordable housing projects with debt when CPA funds are inadequate. Ms. Kosnoff explained that debt financing would have to be a policy decision but that the Town has tried to avoid debt financing due to high interest rates and added that debt financing would decrease the available funds for future CPA projects. Mr. Lamb commented that the CEC is cautious about incurring CPA debt and added that the AHT as a program cannot be funded with debt. Mr. Sandeen expressed his opposition to debt financing especially considering current interest rates. Ms. Fenollosa proposed the following takeaways to be the CPC’s policy on Community Housing funding: (1) the CPC will welcome all applications from all the various groups for housing projects; (2) it is the decision of the individual housing groups to request funding from the AHT and/or the CPC; (3) the CPC may utilize more than just the Community Housing funds for affordable housing projects, while also acknowledging the CPC’s responsibility to projects in other categories; and (4) the CPC will prefer cash funding over debt funding for housing projects. Mr. Sandeen commented his understanding that the CPC’s current policy is to consider all applications from the community housing partners. Ms. Walker concurred with Mr. Sandeen but stated there was a concern if CPA funding were only to go to the AHT and the housing partners were only able to request funds from the AHT.