Memo re allocation of CPA funds for Village Hill Apts 1.4.19.docxTo: Northampton Community Preservation Committee (CPC)
From: The Community Builders / Valley Community Development Corporation
Re: CPA Funding for Village Hill Apartments
Date: January 4, 2019
Dear CPC Members:
We are writing to request a shift in how committed and pending CPA funds will be allocated for the Village Hill Apartments Project (now split into 35 Village Hill Road and North Commons).
This request is necessitated by a restriction on previously committed Community Development Block Grant (CDBG) funds for Village Hill Apartments.
The City had committed $50,000 in CDBG funds to 35 Village Hill Road and $100,000 to North Commons. It was subsequently discovered that there is a regulatory impediment to using CDBG
funds at 35 Village Hill Road. The City is willing and able to shift its full CDBG commitment to North Commons. In order to make 35 Village Hill Road “whole” with respect to local
dollars, we are requesting that the CPC adjust its commitment to allow $100,000 in CPA funds to be allocated to 35 Village Hill Road and $100,000 to North Commons.
The requested change is illustrated below:
Previous Commitment*
Requested Commitment
Total Commitment of Local Funds
35 Village Hill Rd
$50K CDBG + $50K CPA
(100K total)
$0 CDBG + $100K CPA
($100K total)
$100,000
North Commons
$100K CDBG +$150K CPA
($250K total)
$150K CDBG+ $100K CPA
($250K total)
$250,000
TOTAL
$150K CDBG + $200K CPA
($350K total)
$150K CDBG + $200K CPA
($350K total)
$350,000
*includes CPA recommendations for funding that are pending City Council vote
Please note that the total local funds committed would remain the same, as would the local funds committed for each building site.
We believe this shift is consistent with the intent of the CPC, which considered the total commitment of local funds in its decision-making.
We ask that the CPC recommendation to City Council for this year’s CPA funding of $150,000 be directed to the “Village Hill Apartments” (rather than “North Commons”) which will give
flexibility in how CPA dollars are allocated between the two building sites.
Thank you for your consideration.