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Town of Lexington Community Preservation Plan Appendix B Glossary Capital Improvements "Capital Improvements" -reconstruction or alteration of real property that: (1) materially adds to the value of the real property or appreciably prolongs the useful life of the real property; (2) becomes part of the real property or is permanently affixed to the real property so that removal would cause material damage to the property or article itself, and (3) is intended to become a permanent installation or is intended to remain there for an indefinite period of time. Community Housing "Low income housing" - housing for those persons and families whose annual income is less than 80 per cent of the area-wide median income. The area-wide median income is determined annually by the United States Department of Housing and Urban Development for specific regions, including the Boston Metropolitan Area. "Moderate income housing" - housing for those persons and families whose annual income is less than 100 per cent of the area-wide median income. The area-wide median income is determined annually by the United States Department of Housing and Urban Development for specific regions, including the Boston Metropolitan Area. "Low or moderate income senior housing" - housing for those persons having reached the age of 60 or over who would qualify for low or moderate income housing. Community Preservation Act(CPA) The Community Preservation Act(CPA) (MGL c. 44B) is legislation designed to help communities plan ahead for the preservation of important resources and to raise funds to achieve their goals. CPA allows towns to levy a community-wide property tax surcharge of up to 3 per cent for the purpose of creating a local Community Preservation Fund(CPF) and qualifying for State matching funds. The Fund must be used to acquire, create,preserve and rehabilitate or restore (if purchased with CPA funds) open space; acquire,preserve and rehabilitate or restore historic resources; acquire, create,preserve, support and rehabilitate or restore (if purchased with CPA funds) community housing, and may be used to acquire, create,preserve or restore or rehabilitate recreational resources. The State will provide "matching" funds to communities approving CPA by-laws, which Lexington did in 2006 at a 3% level. 26