MAYOR WU ANNOUNCES MORE THAN 38 MILLION IN FUNDING FOR PROJECTS THROUGH THE COMMUNITY PRESERVATION ACT

Mayor Michelle Wu announced the approval of 52 projects totaling over $38 million through the Community Preservation Act in Boston. The Boston City Council approved the funding on April 2, targeting affordable housing, historic preservation, and open space initiatives across 16 neighborhoods. Mayor Wu stated that the investments aim to enhance community collaboration and make Boston a more welcoming city. Chief Financial Officer Ashley Groffenberger emphasized the funding's role in maintaining the city's cultural and historical resources, promoting long-term economic stability. City Councilor Enrique J.

Pepén highlighted the funding's benefits for residents through accessible community spaces. The Community Preservation Fund was established following the passage of the Community Preservation Act in November 2016, funded by a 1 percent property tax surcharge. Since 2018, the CPA Committee has recommended 397 projects, awarding over $230 million in funding. This year's funding includes seven affordable housing projects, 27 historic preservation projects, and 18 open space and recreation projects.