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Finance Committee hears liaison reports on affordable housing discussions and potential CPC actions
Summary
Liaison reports flagged preliminary discussions about increasing Community Preservation Committee allocations and exploring new revenue sources for affordable housing, and recommended monitoring a potential CPC warrant article and state action on a real‑estate transfer fee. The committee agreed to stay engaged and consider inviting housing groups to future meetings.
During liaison reports, members described a housing roundtable that explored new revenue strategies to support affordable housing, including an interest in raising the Community Preservation Committee allocation (currently 1.5%) and possible real‑estate transfer fees at the state level. The roundtable also highlighted that Concord’s affordable‑housing inventory had surpassed a 10% threshold and noted two large projects in planning that will further change the town’s subsidized housing stock.
Committee members cautioned that additional taxation proposals require careful consideration given the current tax sensitivity, and one liaison suggested the Finance Committee may be asked to weigh in on a possible CPC warrant article (including a request that more CPC funds be allocated to affordable housing). Members recommended continued monitoring and, if needed, inviting housing stakeholders to present details and data to the Finance Committee.
The committee also noted an upcoming public engagement process for the future disposition of the NCI Concord site; staff encouraged members to attend the first public meeting scheduled for September 12 to provide informed input.
Next steps: liaisons will continue to report back on developments, and staff may invite housing groups and the CPC to present as proposals firm up.
