CMA 2015-295

Recommendations from the Community Preservation Act Committee Chair that the City Council formally appropriate/allocate the Community Preservation Act (CPA) funds as follows: 1A. 80% of the FY2016 CPA Local Fund revenues ($6,560,000) allocated to Affordable Housing and appropriated to the Cambridge Affordable Housing Trust; 1B. 10% of FY2016 CPA Local Fund revenues ($820,000) allocated to Historic Preservation; 1C. 10% of FY2016 CPA Local Fund revenues ($820,000) allocated to Open Space; 2A. 80% of FY2015 State Match revenues ($1,180,000) allocated to Affordable Housing and appropriated to the Cambridge Affordable Housing Trust; 2B. 10% of FY2015 State Match revenues ($147,500) allocated to Historic Preservation; 2C. 10% of FY2015 State Match revenues ($147,500) allocated to Open Space; 3A. 80% of the Fund Balance ($1,620,000) allocated to Affordable Housing and appropriated to the Affordable Housing Trust;