2012-12-00-CPC-rpt (Needs Assessment Report)

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Town of Lexington Community Preservation Plan Community Housing BACKGROUND The majority of Lexington's population is in the middle-income category, earning over 80 percent of area median income. Areawide Median Income for a family of four in Massachusetts was determined by the U.S. Department of Housing and Urban Development to be $99,067 in 2011. Eighty percent of the Areawide Median Income for a family of four in the Boston area was $65,000 in 2011. Eighteen percent of the Town's population falls into the moderate, low, or extremely low-income categories. Lexington is faced with a declining population in the 18 to 44 age group. High housing costs make it difficult for young people to afford a home in Lexington, where the average price per single family home was $701,000 in 2011. At the same time, the population over 65 is on the increase. Members of this group often live on fixed incomes. There is a clear need to create affordable rental and ownership opportunities for young families and senior citizens who fall into the low-income or moderate-income categories. Lexington has three housing organizations that provide and advocate for low and moderate income housing. Lexington Housing Authority(LHA) The Lexington Housing Authority was established in 1968 pursuant to Chapter 121B of the General Laws of Massachusetts. Its role is to provide safe, sanitary and affordable housing for low-income individuals and families, including veterans and the elderly. Housing units administered by the Housing Authority are supported by either State or Federal funds. CPA funds have been used for some capital expenditures. The Housing Authority is governed by a five-member Board of Commissioners, four of whom are elected by Town voters and one of whom is appointed by the Governor. Lexington Housing Assistance Board (LexHAB) In 1983 the Lexington Housing Assistance Board, Inc. was established by an Act of the General Court as requested by Town Meeting and the Board of Selectmen. The immediate rationale for LexHAB's creation was the conversion of the former Muzzey Junior High School to affordable housing. The charge to LexHAB was broadly framed to enable it to look beyond the Muzzey units in order to provide housing for young families and other residents who could not qualify for housing provided by the Housing Authority or for whom no LHA unit was available, but who were nevertheless in need of housing assistance. The Town charged LexHAB, subject to the direction of the Board of Selectmen, to "investigate and implement"housing alternatives for low, moderate and middle income families. LexHab provides rental housing to eligible persons and families whose incomes do not exceed either 60% or 80% of the area median income for the 6