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Mass. housing adviser urges Lakeville to form housing trust, monitor expiring affordability
Summary
At an Aug. 21 Community Preservation Committee meeting, a MassHousing Partnership adviser outlined how Community Preservation Act funds can be used for affordable housing and urged Lakeville to form an active Affordable Housing Trust to pursue preservation and smaller-scale projects.
Shelley Gehring, a community assistance specialist with the Massachusetts Housing Partnership, told the Town of Lakeville Community Preservation Committee on Aug. 21 that towns can use Community Preservation Act (CPA) funds to acquire, create, preserve and support affordable housing and that a local housing trust can speed and simplify some preservation work.
Gehring said CPA funds can be used to acquire existing multifamily buildings, support small-scale homeownership programs, invest in new construction or adaptive reuse projects, and to preserve affordability where restrictions are set to expire. "Under the CPA statute, you can only use CPA funds to rehab or restore housing that was created or acquired with CPA funds," Gehring…
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