Community Preservation Committee Meeting

1. Meeting minutes: Review March 12, 2021 meeting minutes.
2. Review project CPA reserve funds and FY2023 reserve amounts
3. Open public hearing to review the following applic ations:
- Harbor Homes of Martha's Vineyard is requesting $52,000 from Chilmark CPC to
assist with the repayment of a loan from MV Bank that was secured to purchase a
residential property in Oak Bluffs that provides affordable housing to low-income
residents. Harbor Homes bought the property in July 2021 for $1,340,000. Five
Island towns, including Chilmark, contributed a total of $300,000 in 2021 to assist
with the purchase. Island Housing Trust, Harbor Homes, CEDAC, multiple private
donors, and several foundations also contributed to the down payment. Harbor
Homes secured a mortgage of $750,000 from MV Bank to fina lize the sale. Harbor
Homes is now seeking a total of $500,000 from all 6 towns to pay down this lien.
- Island Autism Group is seeking $114,800 of CPA Affordable Community Housing
and Open Space Park & Recreation Funds as Chilmark's share of the cost to
support Phase Two of their project: building two 4-bedroom houses that will house
people with 24-hour on-site staff. Ideally, Phase One - construction of the Hub
House, the barn, and the farm stand - will overlap with Phase Two to maximize
resources and efficiencies around materials and labor. Phase Three of
construction (the remaining housing units and a potential endowment) will
commence as soon as funding is fully secured.
- MV Camp Meeting Association is seeking $157,200 of CPA Historic Preservation
Funds as Chilmark's share to restore the roof on the his toric Tabernacle in Oak
Bluffs.
- Island Elderly Housing, Inc. (IEH) is proposing to build 5, thoughtfully designed,
energy efficient, permanently affordable apartments serving lower income island
elderly residents earning 60% or less of the area median income at Wing Road
and Aidylberg Way in Oak Bluffs. IEH owns the parcel which will be developed.
4. Tea Lane Farm: Request for funds
5. Time will be reserved for topics the Chair did not reasonably anticipate.