[MassHistPres] CPA funds as loans rather than grants

[Michele P. Barker]

I'm wondering if anyone is aware of situations in which CPA funds have been
used as direct loans to applicants rather than grants.  I've got a situation
with an applicant whose project was tabled due to the CPA committee's
concerns about the cost of the project. The applicant is considering
re-writing their request to ask for a portion of the CPA money as a loan,
which could be paid back over time with matching grants and other
fundraising, in the hopes that might be more palatable to the committee.
They're hoping that if they agree to repay part of the CPA funds, they might
have a better shot at getting approved.

 

I checked the CPA online database and contacted the Community Preservation
Coalition, and we came up with two projects - the Ames Shovel Shops in
Easton, and an affordable housing project in Weymouth. I was wondering if
there might be some more out there that aren't identifiable as such from the
description in the CPA database.

 

Thanks!

 

Michele

 

 

Michele P. Barker

Circuit Rider

617-999-3256

 <mailto:mpbarker at preservationmass.org> mpbarker at preservationmass.org

Preservation Massachusetts

 <http://www.preservationmass.org> www.preservationmass.org

Old City Hall

45 School Street

Boston, MA 02108

 

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