Lakeville explores strategies for affordable housing trust and CPA fund utilization

In a recent meeting of the Lakeville Community Preservation Committee, discussions centered on the strategic use of Community Preservation Act (CPA) funds to address the town's affordable housing needs. The meeting, held on August 21, 2025, highlighted the importance of establishing a housing trust to facilitate the development and preservation of affordable housing units in Lakeville.

Committee members emphasized that CPA funds, which can be allocated through town meeting votes, must be directed towards specific purposes. This clarity is crucial for ensuring that funds are effectively utilized to meet community needs. The conversation also touched on the challenges faced by Lakeville, particularly the absence of a housing authority, which complicates the town's ability to navigate the real estate market and engage developers in affordable housing projects.

Despite these challenges, committee members noted that other communities have successfully leveraged CPA funds for affordable housing initiatives, even without a housing trust. Examples included developers seeking CPA funds for new projects and municipalities disposing of land for affordable housing development. However, the lack of a dedicated planner in Lakeville was identified as a significant disadvantage, as planners typically play a key role in coordinating such efforts.

The committee discussed the potential for a housing trust to increase the number of affordable units in Lakeville. This trust could establish specific goals, such as creating a certain number of units over the next five years, and develop strategies to extend the affordability of existing developments. By formulating a clear plan, the trust could approach the Community Preservation Committee for funding, ensuring accountability and alignment with community needs.

Residents expressed concerns about the allocation of tax dollars towards new affordable housing developments, indicating a preference for preserving existing units. This feedback underscores the necessity for the housing trust to engage with the community and educate residents about the various forms affordable housing can take.

As the committee moves forward, the establishment of a housing trust appears to be a pivotal step in addressing Lakeville's housing challenges. The next steps will likely involve drafting a warrant article for town meeting that specifies the intended use of CPA funds, ensuring that the community's priorities are reflected in future housing initiatives. The discussions from this meeting signal a proactive approach to tackling affordable housing in Lakeville, with the potential for significant long-term benefits for the community.