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Southampton funds Affordable Housing Trust with $400,000 from CPA; voters reject citizen petition to cut CPA surcharge
Summary
Town meeting voted to move $400,000 from CPA housing funds into the new Affordable Housing Trust to act quickly on housing opportunities. Separately, the assembly rejected a citizen petition to reduce the CPA surcharge from 3% to 1% (Yes 22; No 77).
Southampton voters approved a $400,000 transfer from Community Preservation Act (CPA) funds to the town’s newly formed Affordable Housing Trust and simultaneously rejected a citizen petition that would have reduced the local CPA surcharge from 3% to 1%.
Proponents including Housing Trust chair Matthew Manganelli said the trust — composed of volunteers with experience in lending, nonprofit housing and municipal governance — will allow the town to respond quickly…
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