The NSR communities that have adopted a CPA have reported the 2022 project expenditures. The NSR communities that have adopted a CPA have reported the 2022 project expenditures. In total, $8,965,929 was allocated with $3,295,434 allocated towards affordable housing. $1,485,105 was allocated toward open space, $1,916,372 was allocated to historic preservation, and $2,269,018 was allocated to recreational projects.
As a reminder, Massachusetts created the Community Preservation Act (CPA) in 2000 with REALTOR® support as a tool to help communities fund local projects. When a municipality adopts the CPA, the revenue of a local property tax surcharge of up to three percent can be allocated toward open space, historic preservation, recreation, and affordable housing initiatives.
Last year, NSR began tracking all CPA project funding since 2010 for the following NSR communities that have adopted the Community Preservation Act. For a complete list of project expenditures by community, please click HERE.