The Community Preservation Act (CPA)

A State Law that towns can adopt locally:

Protect LandPreserve Historical Resources

Create/support Affordable HousingRecreational Opportunities

For $210 / year…

For $210 / year…

State MatchFY2004: $504,055FY2005: $534,732FY2006: $559,835FY2007: $634,135FY2008: $674,434FY2009: $541,215FY2010: $311,164FY2011: $247,788

FY2012: $255,874

TOTAL MATCH FROM STATE: $4,263,232

CPA Fund Balance: $5.9M in available funds

New Legislation

• Allows use of CPA funds to rehabilitate existing recreation properties

• Allows Affordable Housing assistance to Individuals that qualify

• Allows exemptions for commercial properties (Article 43)

• State CPA Trust Fund to have an additional $25M per year; double our annual state match

New Seniors Small Grant Program

• Funded with CPA Money• Available to Norwell Residents age 60 and older who plan to stay in home for next 12 months• Home assessed at $534,000 or less• Average Grant will be about $2500, but any need will be considered

*Other tax relief is available for Seniors – Contact the Assessor’s Office at Town Hall

Impact on Surcharge Reduction or Revocation

• CPA exemptions available to low income residents and moderate income seniors

• Average home value is $543,000

*Projected figures based on FY13 tax information

3% 1% Revocation

Local Surcharge Revenue* $872,695 $296,437 0

Average Home pays $210 $70 0

Estimated State match ~$500,000 ~140,000 0

Total into CPA Fund ~$1.4M ~$436,000 0

Historic Jacob’s Farm

Vote No on Articles 41 and 42Keep our CPA program going

strong!

Impact on Surcharge Reduction or Revocation

• CPA exemptions available to low income residents and moderate income seniors• Average home value is $543,000

*Projected figures based on FY13 tax information

3% 2% 1%

Local Surcharge Revenue* $872,695 $581,052 $296,437

Average Home pays $210 $140 $70

Estimated State match ~$500,000 ~280,000 ~140,000

Total into CPA Fund ~$1.4M ~$861,000 ~$436,000