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Statewide Perspective on CPA & Housing Tom Callahan - - PowerPoint PPT Presentation
Statewide Perspective on CPA & Housing Tom Callahan - - PowerPoint PPT Presentation
Statewide Perspective on CPA & Housing Tom Callahan Massachusetts Affordable Housing Alliance Community Preservation Coalition 175 CPA Communities CPA by the Numbers (through FY2018) HISTORIC PRESERVATION : 5,100 appropriations made OPEN
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CPA by the Numbers
(through FY2018)
HISTORIC PRESERVATION: 5,100 appropriations made OPEN SPACE: 29,289 acres preserved OUTDOOR RECREATION: 2,200 projects funded AFFORDABLE HOUSING: 15,500 units created or supported
- Over 10,000 projects approved & $2.1 billion raised -
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CPA Housing by the Numbers
(through FY2018)
- $414 million in spending + $891 million in
leveraged funds
- Almost 2000 legislative body appropriations
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CPA Housing Funds: Direct Spending Per Year
Approval Year CPA Housing Funds
2018** $20,127,870 2017 $35,549,075 2016 $36,156,589 2015 $30,963,303 2014 $27,847,858 2013 $20,995,051 2012 $23,038,298 2011 $22,211,885 2010 $30,461,310 2009 $29,515,092 2008 $30,883,381 2007 $23,518,106 2006 $23,161,662 2005 $17,520,415 2004 $14,726,975 2003 $13,367,782 2002 $12,609,661 2001 $1,117,461
Total $413,771,774
** Only half a year (Through 6/30) Last year, $15,023,896 was approved for housing in the fall.
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- Housing:
$413,771,774
- Historic:
$406,478,658
- Open Space:
$345,144,198
- Recreation:
$283,829,749
- TBD:
$33,080,645
Direct Spending Through FY18
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- Housing:
$440,232,303
- Historic:
$496,403,919
- Open Space:
$474,596,053
- Recreation:
$338,816,004
With Bonding Authorizations Through FY18
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New Uses of CPA Funds that Impact on Production
- Housing Authority
“Preservation”
- Rental Assistance &
Other Similar Programs
- Transfers to Trusts
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Number of Housing Units Created & Number of Housing Units Supported
18 46 113 280 282 323 174 410 454 145 209 250 322 297 486 618 772 585 4 49 65 57 182 155 267 235 470 717 836 298 476 904 610 1,856 1,178 1,091 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018*
Housing Units New Housing Units Supported
* Only half a year (Through 6/30) Last fall showed 162 new units and supporting 209 units
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- Housing Trust Transfers averaging $18 to $19
million per year (last 3 years).
- State CPA database reports transfers to a housing
trust in 47 communities.
- But...only 18 of those communities reported what
the Housing Trust did with the money.
Housing Trusts Spending and Reporting
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CPA Housing Trends
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Cape Cod Village
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Mystic Water Works, Somerville
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Gale General Store, Northborough
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Noquochoke Village, Westport
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Rolling Green Apartments, Amherst
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Homeless Youth Housing, Westfield
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