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Selectboard discusses ARPA funds for Town Hall repairs and housing feasibility; earmark deadline noted
Summary
The Selectboard discussed allocating ARPA funds for Town Hall windows and trim and for affordable-housing feasibility studies, and noted that ARPA funds need to be earmarked by December 2024.
Members of the Selectboard discussed potential uses for American Rescue Plan Act (ARPA) funds, including windows and trim at Town Hall and using ARPA for affordable-housing needs and feasibility studies. Board members discussed setting up a reserve fund for housing as a line item in the budget.
The minutes record that "ARPA funds might also be used for affordable housing needs and feasibility studies" and note that ARPA funds need to be earmarked by December 2024. The board did not adopt a funding allocation at this meeting; further discussion and decisions about earmarking and reserve funds are expected in budget work sessions.
Staff or the Town Treasurer will return with options for how to earmark ARPA funds if the board chooses to direct money toward housing feasibility.
