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Nantucket CPC approves roughly $3.09 million for preservation, housing and recreation projects
Summary
The Community Preservation Committee voted Nov. 5 to award a bundled package of grants and allocations totaling roughly $3.09 million from the regular CPC fund and reserve transfers to support historic preservation, housing, parks and other community projects.
The Community Preservation Committee voted Nov. 5 to award a slate of grants and allocations from the CPC regular fund and reserves, approving funding for multiple historic preservation projects, rental and affordable housing programs, park improvements and small capital requests.
Committee members and staff reviewed account balances at the start of the meeting. Committee records show approximately $382,900.67 in open-space reserves, a negligible balance in housing reserves, a small cents-level balance in the historic preservation account, and about $2,697,684.03 in undesignated reserves carried from earlier years of the program.
Why it matters: The approvals move more than $3 million into community projects that will be eligible to draw reimbursement and begin work under CPC contracts. The committee also voted an administrative allocation…
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