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2 Creech also asked if the siding would be replaced around the entire property. Ms. Foley confirmed that the siding would be replaced around the entire property. Mr. Creech recommended not using vinyl siding due to its environmental impact. Mr. Creech shared that in his view, peeling paint is not indicative of the siding being in bad condition and that new siding will not make the property more energy efficient. Mr. Creech expressed concern that the cost of the project was too high for the project’s scope and asked if the project would go through a bidding process. Ms. Foley shared that the LHA is bound by public procurement rules and so the project will have to go out to bid. Ms. Foley added that the cost has a 20% mark-up as compared to the private industry. Mr. Pressman commented that there is precedent for the CPC approving and funding similar projects and shared with the Committee past examples of CPA funded projects that included window replacement, siding replacement, and other exterior improvements. Ms. Walker commented that the property is an LHA property and not a LexHAB property, and thus will have to follow state procurement guidelines indefinitely. Ms. Walker requested that Ms. Foley explain “formula funding” to the Committee. Ms. Foley explained that the state legislature approves a bond funding award to be given to the EOHLC, which is then distributed to the various housing authorities based on their number of units and needs. In the past, the LHA has received between $200 - $300 thousand for capital needs improvements. Ms. Foley added that there are also grants for sustainability and accessibility initiatives. Ms. Walker expressed concern for requiring affordable housing units to use more expensive materials when located in a historic district due to its overall impact on being able to build more housing. Ms. Krieger expressed support for emphasizing energy efficiency on affordable housing projects due to its long-term cost benefits. Ms. Fenollosa commented that the CPC could not make early decisions or hold a straw vote due to the total amount of CPA funds being requested for FY25, but noted that the CPC has supported the LHA in the past and continuing to support the LHA will remain a priority of the Committee. Ms. Foley left the meeting at 4:28 PM. FY25 CPA Funding Request – Archives and Records Management – Ms. de Alderete requested $20,000 for the conservation and preservation of historic municipal documents and records, including Fire Department Journals from 1927-1929, Intentions of Marriage from 1850-1897 and 1889-1908, and Planning Board Records Vol. 1 from 1918-1930. Ms. de Alderete also shared a quote from the Northeast Document Conservation Center with the Committee (see FY25 Archives Cost Estimates for more information). Ms. Yates added that the quote includes both the costs for conservation and digitization of the records.