2023-11-09-CPC-min - Laserfiche WebLink

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1 Minutes of the Community Preservation Committee Thursday, November 9, 2023 Remote Zoom Meeting Meeting ID: 948 2897 5841 4:00 PM Committee Members Present: Marilyn Fenollosa (Chair); Jeanne Krieger (Vice-Chair), Kevin Beuttell, Robert Creech, Lisa O’Brien, Robert Pressman, Mark Sandeen, Melinda Walker. Administrative Assistant: Thomas Case Other Attendees: Sandhya Beebee, Liaison, Capital Expenditures Committee (arrived at 4:09 PM); Margaret Heitz, Housing Partnership Board; Charles Hornig, Housing Partnership Board; Carol Kowalski, Assistant Town Manager for Development; Paul Linton, Housing Partnership Board; Wendy Manz, Chair, Housing Partnership Board; Sarah Morrison, Executive Director, LexHAB; Linda Prosnitz, Affordable Housing Trust; Lisah Rhodes, Capital Expenditures Committee; Elizabeth Rust, Director, Regional Housing Services Office; Elaine Tung, Chair, Affordable Housing Trust; Betsey Weiss, Vice-Chair, Housing Partnership Board (arrived at 4:19 PM). Ms. Fenollosa called the meeting to order at 4:04 PM. FY25 CPA Funding Request – AHT Pre-Funding – Ms. Tung requested $3.2 million for AHT pre- funding so that the Trust can respond in real-time to affordable housing development, acquisition, and preservation requests in the Town of Lexington. Ms. Tung gave a presentation on the current state of affordable housing in Lexington, its overall affordable housing needs, the AHT’s accomplishments to date, and the AHT’s anticipated funding requests in the coming years (see AHT’s FY25 CPA Application Presentation for more information). Ms. O’Brien asked how the AHT decided on the $3.2 million request. Ms. Tung replied that the AHT used anticipated requests for funding, but settled on a lower number due to the newness of the Trust. Ms. Tung explained that AHT anticipates not having enough funding for all upcoming requests. Ms. O’Brien asked about the $6 million line item for Vine Street under the AHT anticipated requests for funding. Ms. Tung replied that this figure had been acquired from LexHAB. Ms. O’Brien also asked about the possibility of private funding of the AHT. Ms. Tung explained that the AHT had received a grant of $10,000 for a housing needs assessment, but that the AHT can only apply for funding from the CPA. Ms. O’Brien commented that 10% of CPA funds are automatically allocated to the Community Housing bucket to ensure its funding and remarked that while the AHT may advocate that 25% of CPA funds be allocated for community housing, the CPC is applicant-based and can only approve funding for projects they have been presented with. Ms. Tung acknowledged that the CPC is application-based but conveyed that