The Community Preservation Act (CPA) is a smart growth tool that allows Massachusetts cities and towns to establish a dedicated local fund for preserving and improving their community's character and quality of life. Community Preservation funds are raised locally through a surcharge of three percent or less on real property. Community Preservation funds can be used only for projects that create or preserve (1) open space, (2) historic resources, (3) affordable housing, and/or (4) outdoor recreational facilities.
The Town of Weymouth adopted the CPA in November of 2005. The Town's Community Preservation Fund collects a one percent surcharge on real property with exemptions provided for income-qualified homeowners and for the first $100,000 of residential property value. As a CPA community, Weymouth also receives an annual "match" disbursement through the Massachusetts Statewide CPA Trust Fund for all Community Preservation funds collected locally.