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1/18/2024 AC Minutes 3 Article 10(f) Lincoln Park Field Improvements Ms. Fenollosa stated that the total project cost is $1,810,000, of which $1,145,000 would be covered by CPA funds, and $655,000 by the General Fund. The Town will cover the cost of installing the artificial turf surface, which cannot be funded by the CPA per regulation. Article 10(g) LexHAB Support, Restoration, Preservation, and Decarbonization The request for $482,365 would help to fund rehabilitation and decarbonization efforts at 26 Lex- HAB properties, plus rent subsidies for a small number of low-income tenants. Mr. Levine noted that the first part of therequest would fund approximately one third of the full re- habilitation and decarbonization project, with an additional $400,000 coming from LexHAB and another $400,000 from Mass Save (a collaborative of electric and natural gas utilities supporting en- ergy efficient upgrades). As for the second part of the request, Ms. Fenollosa explained that LexHAB tenants pay 30% of their income towards rent, which does not always cover the full rental cost. LexHAB covers the re- maining cost, so $115,740 from this request would be used for such purposes. The amount is based on projections for rent subsidies needed in the coming year. Mr. Michelson asked if the CPC expects to receive a single request from the Affordable Housing Trust (AHT) for all community housing projects in the future, or if the CPC expects also to receive requests from additional agencies, such as LexHAB and the Lexington Housing Authority. Ms. Fenollosa responded that the CPC will most likely continue to receive multiple requests since each organization has its own governance and maintains its own list of properties. Article 10(h) LHA Exterior Preservation This request for $100,000 would fund replacement of siding, windows, and doors at a Massachu- setts Avenue duplex owned by the Lexington Housing Authority (LHA). There were no questions from the Committee. Article 10(i) Affordable Housing Trust Pre-Funding The AHT has requested $3.2 million in funding for “acquisition, holding, and other affordable hous- ing costs, hiring of consultants to prepare RFPs, preparation of housing needs assessments, etc.”. An earlier AHT projection indicated that it could receive requests for up to $8.3 million in such costs during FY2025. There was a discussion about oversight of the AHT, and how it is being held accountable for its spending. Ms. Fenollosa noted that there are some checks and balances in place, such as having a Select Board member serve on the board of the Trust and having the Town finance staff manage the accounting for the Trust. Mr. Padaki asked if Town Meeting would receive a report on the activities of the Trust each year. Ms. Fenollosa said the CPC requires annual updates from all the organizations they fund. She ob- served that the current request was signed by the Select Board and by Carol Kowalski on behalf of the Land Use, Housing, and Community Development department, which have insight into this re- quest and support it. Mr. Parker stated that Elaine Tung, Director of the AHT will be attending the Committee’s meeting on February 8. Ms. Fenollosa encouraged the Committee to ask about specific spending plans for the AHT in FY2025.