CPA FY24 GRANT ROUND OPEN UNTIL October 26, 2022
The Yarmouth Community Preservation Committee is accepting Community Preservation Act (CPA) grant applications until Wednesday, October 26, 2022 at 12:00 Noon for consideration at the spring 2022 Annual Town Meeting.
CPA OVERVIEW The Community Preservation Act (CPA) MGL. c. 44B was enacted by the state to allow any Town in Massachusetts to adopt a property tax surcharge of up to 3%, the revenues from which and any matching State funds (up to 100%) could be appropriated for community housing, historic preservation, open space, and recreation projects.
In January 2005, Yarmouth voters adopted a 3% property tax surcharge under the Community Preservation Act and withdrew from the Cape Cod Landbank. Since then, the Town appointed a nine-member Community Preservation Committee and Town Meeting has approved projects based on Community Preservation Committee recommendations.
At the November 2020 Annual Town Meeting, voters approved a 0.78% reduction to the local CPA surcharge to offset a corresponding new surcharge creating a Water Infrastructure Investment Fund (WIIF). These changes were approved by voters on the May 2021 ballot.
CPA funds may be spent on qualifying projects in the four target areas of community housing, historic preservation, open space, and recreation. These funds cannot be used for any other purposes.