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The Trust said its ARPA funds will likely be spent by April 30, 2026, and began considering replacement funding strategies, including Community Preservation Act adoption, payments in lieu of affordable units, and a pilot program for affordable housing developers.
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The Trust is preparing for the end of its current ARPA funding and will research additional ways to support affordable housing. It will also explore ways to keep accessory dwelling units affordable, including possible subsidies or property tax incentives. A grant expression of interest for a Town Space Needs Assessment is expected by the end of January.
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