[MassHistPres] CPA funds as loans rather than grants

[Garrett Laws]

I would hope that there would a deed restriction to assure CPA repayment in
the event of the sale of the property. This is a potential way to get more
"bang for the buck" from CPA.

Garrett Laws
Copper & Slate Co.

On Monday, November 19, 2012, Michele P. Barker wrote:

> 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****
>
> mpbarker at preservationmass.org <javascript:_e({}, 'cvml',
> 'mpbarker at preservationmass.org');>****
>
> Preservation Massachusetts****
>
> www.preservationmass.org****
>
> Old City Hall****
>
> 45 School Street****
>
> Boston, MA 02108****
>
> ** **
>


-- 

Cheers,
Garrett

The Copper & Slate Company, Inc.
Fine Roofing and Exterior Finish Carpentry
238B Calvary Street,
Waltham, MA 02453
(781) 893-1916

Work we do:
http://picasaweb.google.com/copperandslate

Where we've worked over the years:
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