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RECOMMENDATIONS <br /> As Lexington seeks to provide housing for different age groups and income levels, there are a <br /> number of approaches which might make constructive use of CPA funds: <br /> • Construction of additional Housing Authority units or conversion of existing units in <br /> Greeley Village which would be barrier-free and accessible for elderly residents; <br /> • Acquisition or construction by LexHab of one or two additional affordable rental units <br /> per year on scattered sites throughout the Town; <br /> • Construction of additional affordable units, rental or ownership, on Town-owned parcels <br /> such as the Leary land on Vine Street or the Busa Farm property; <br /> • Support of LexHab funding to acquire housing units in existing multi-family projects <br /> when their affordability restrictions expire; <br /> • Purchase of deed restrictions on existing homes to bridge the gap between current market <br /> prices and affordable prices, so as to preserve smaller homes from tear down and <br /> replacement; and <br /> • Support of first-time homebuyer programs, including the Soft Second Loan Program <br /> administered by the State Department of Housing and Community Development. <br /> 9 <br />