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CPC financial overview: balances, earmarks and applications for housing plan and records preservation
Summary
CPC staff presented a financial snapshot showing roughly $3.6 million undesignated after allocations, proposed projects that would nearly exhaust available funds, and two applications: $15,000 for an updated housing production plan (leveraging $30,000 in technical assistance) and $100,000 to continue records preservation work.
Jesse, staff to the Community Preservation Committee, presented the CPA financial overview and a hypothetical ‘‘all‑funded’’ scenario. He reported starting‑year balances, recent closeouts and mandatory 10% allocations for open space and affordable housing. After accounting for planned allocations and debt service, Jesse said the committee would have roughly $3.6 million undesignated and that funding every application would leave about $107,000 in undesignated funds.
Two applicants presented specific CPA requests during…
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