A communication transmitted from Yi-An Huang, City Manager, relative to recommendations of the Community Preservation Act Committee (CPAC) for FY2024

To: Yi-An Huang, City Manager From: Taha Jennings, Chair of Community Preservation Act Committee Date: September 8, 2023 Re: Allocation and Appropriation of FY2024 CPA Funds The purpose of this memo is to summarize the process of the Community Preservation Act Committee (CPAC) and to convey the Committee’s recommendations for FY2024 CPA funding, voted on by the CPAC on September 7, 2023. The Committee met four times: May 31, 2023 (Organizing Meeting), June 26, 2023 (Project Recommendation Hearing), July 28, 2023 (Allocation Percentages Hearing), and September 7, 2023 (Project and Allocation Vote Meeting). The Committee’s recommendations are based on public comments and City staff presentations received at the June 26, 2023 and July 28,2023 hearings, public comment submitted electronically while the record remained open, and CPAC discussion at the September 7, 2023 meeting. The Committee received comments as follows: • 1 public speaker at the May 31, 2023 meeting; • 1 public speaker at the June 28, 2023 hearing; • 7 public speakers at the July 26, 2023 hearing; • 3 communications received via electronic submission or telephone; and • 1 emailed petition with a total of 243 signatures. The Committee received 2 comments related to CPA projects: • 1 comment supported historic preservation projects; and • 1 comment supported open space projects. The Committee received 250 comments on the allocation percentages: • 7 individual comments supported an 80% allocation to affordable housing; • 243 petition signatures supported an 80% allocation to affordable housing; The attached FY24 Project Recommendations Book provides additional detail on the Committee’s process, funding, and recommended projects for FY24. Accordingly, on September 7, 2023, the CPAC voted on the following recommendations to the City Council, through the City Manager. The CPAC voted unanimously for an allocation of 80% for Affordable Housing, 10% for Historic Preservation projects and 10% for Open Space projects. The Committee then voted to recommend that CPA funds in the amount of $20,610,000 be allocated and appropriated to the Affordable Housing Trust, as well as to certain historic preservation and open space projects. All recommendations were voted unanimously. The Committee votes were as follows:

VOTE 1: Fiscal Year 2024 Local Funds ($13,000,000) Vote 1A 80% of FY2024 CPA Local Fund revenues ($10,400,000) allocated to Affordable Housing and appropriated to the Cambridge Affordable Housing Trust Vote 1B 10% of FY2024 CPA Local Fund revenues ($1,300,000) allocated to Historic Preservation as follows: 1. $500,000 appropriated to 1627 Massachusetts Ave. restoration 2. $700,000 appropriated to Historic Preservation Grants 3. $100,000 appropriated to Preservation Projects Administrator Vote 1C 10% of FY2024 CPA Local Fund revenues ($1,300,000) allocated to Open Space as follows: 1. $1,300,000 appropriated to Gold Star Mothers (Gore St) Park Paved Area Renovation VOTE 2: Fiscal Year 2023 State Funds [received in FY2024] ($3,000,000) Vote 2A 80% of FY2023 State Match revenues ($2,400,000) allocated to Affordable Housing and appropriated to the Cambridge Affordable Housing Trust Vote 2B 10% of FY2023 State Match revenues ($300,000) allocated to Historic Preservation as follows: 1. $200,000 appropriated to Legislative Records Preservation Processing 2. $100,000 appropriated to Stony Brook Gatehouse Masonry Restoration Vote 2C 10% of FY2023 State Match revenues ($300,000) allocated to Open Space as follows: 1. $300,000 appropriated to the Rafferty Park Partial Construction VOTE 3: CPA Fund Balance ($4,600,000) Vote 3A 80% of the Fund Balance (3,680,000) allocated to Affordable Housing and appropriated to the Cambridge Affordable Housing Trust Vote 3B 10% of the Fund Balance ($460,000) allocated to Historic Preservation as follows: 1. $12,000 appropriated to 22-CityView Record Material preservation processing 2. $194,000 appropriated to Fresh Pond Clubhouse Windows 3. $20,000 appropriated to Sennott Park Historic Marker 4. $150,000 appropriated to Stony Brook Gatehouse Masonry Restoration 5. $84,000 appropriated to Library special collections preservation processing, including newspapers, assessor’s records, and the reference collection Vote 3C 10% of the Fund Balance ($460,000) allocated to Open Space as follows: 1. $460,000 appropriated to the Rafferty Park Partial Construction

VOTE 4: CPA Fund Balance - Administration ($10,000) Vote 4A 1. $10,000 appropriated to Administrative Costs for Community Preservation Coalition membership dues TABLE 1. Summary of FY2023 Recommended Appropriations by Expenditure Type Affordable Housing $16,480,000 Historic Preservation 22-CityView Recorded Media Preservation Processing $12,000 1627 Mass Ave Restoration $500,000 Fresh Pond Clubhouse Windows $194,000 Legislative Records Preservation $200,000 Preservation Grants $700,000 Preservation Projects Administrator $100,000 Sennott Park Marker $20,000 Stony Brook Gatehouse Masonry Restoration $250,000 Library - Newspaper, Assessor's Records, Reference $84,000 Subtotal (Historic Preservation) $2,060,000 Open Space Gold Star Mothers (Gore St) Park Paved Area Renovation $1,300,000 Rafferty Park Partial Construction $760,000 Subtotal (Open Space) $2,060,000 Administration/ Community Preservation Coalition $10,000 Grand Total $20,610,000 TABLE 2. Summary of Recommended Appropriations by Funding FY2024 Local Funds FY2023 State Funds CPA Fund Balance FY2024 Total Affordable Housing Trust $10,400,000 $2,400,000 $3,680,000 $16,480,000 Historic Preservation Projects $1,300,000 $300,000 $460,000 $2,060,000 Open Space Projects $1,300,000 $300,000 $460,000 $2,060,000 Admin./Community Preservation Coalition Membership Dues $10,000 $10,000 Total $13,000,000 $3,000,000 $4,610,000 $20,610,000