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Valley CDC Maple St Recommendation Cover Lette City of Northampton Community Preservation Committee 210 Main Street, City Hall Northampton, MA 01060 December 8, 2008 Mayor Clare Higgins City of Northampton 210 Main Street, City Hall Northampton, MA 01060 Re: Community Preservation Committee Recommendation to Fund the Valley Community Development Corporation’s Maple Street Single Room Occupancy Community Housing Project Dear Honorable Mayor Higgins, On September 12, 2008, the deadline for the third round of Community Preservation Act (CPA) funding requests in the City of Northampton, the Community Preservation Committee (CPC) began reviewing ten project proposals submitted for CPA funding. The Community Preservation Committee conducted project site visits on September 27, 2008, and met with five applicants on October 15, 2008 and five applicants on November 5, 2008 to discuss their project proposals. On November 19, 2008 the CPC held its summary evaluative discussions of the applications, and on December 3, 2008 the Community Preservation Committee voted 5- 2 to fund $250,000 to the Valley Community Development Corporation. The requested funding is for the preservation of eleven single-room occupancy units located on Maple Street in Florence. The following are conditions/contingencies that the Community Preservation Committee is requiring as part of its recommendation for the Valley Community Development Corporation’s Maple Street Single Room Occupancy Community Housing Project: ?? Procedures for monitoring and reporting shall be worked out among the Committee, Mayor and the grantee. ?? The Valley Community Development Corporation provides an affordable housing restriction for 99-years. ?? $25,000 is to be allocated for predevelopment funds and the remainder is to be allocated upon the receipt of state matching funds as referenced in the application packet. We hope that you will find this overview useful during this critical stage in the funding process. The Community Preservation Committee has worked diligently to ensure that both the Committee and the process have been comprehensive, transparent and inclusive; we welcome your input and expertise on this project recommendation. Please feel free to contact me with any questions or concerns. Sincerely, Jack Hornor Chair, City of Northampton Community Preservation Committee