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CPA fund proposal by private entity, to preserve historic Bullard Building, is well worth considering.

- August 5, 2024 - Francisco Madera

The Community Preservation Act (CPA) is a Massachusetts state law passed in 2000 that enables communities to raise funds to preserve open space and historic sites, create affordable housing, and develop outdoor recreational facilities. The CPA allows communities to create a local Community Preservation Fund by levying a surcharge of up to 3% on real estate taxes, which is then matched by a state trust fund. This fund can be used for a variety of community preservation purposes that benefit the public, such as acquiring and preserving open space, protecting historic resources, and creating and supporting community housing.

Framingham adopted the CPA and has actively utilized the funds to support local projects. The Framingham Community Preservation Committee is responsible for evaluating the community preservation needs and making recommendations for appropriations from the Community Preservation Fund. In 2024, the committee recommended 13 projects totaling $3,023,250 in CPA funding, which were approved by the city. These projects aim to improve the community in various ways, such as by preserving open space, restoring historic buildings, and creating affordable housing options.

The CPA provides numerous benefits to local communities. By preserving open space, communities can protect natural resources, promote biodiversity, and provide recreational areas for residents. Historic preservation helps maintain a community’s cultural heritage and unique character. The creation of affordable housing supports low-income and moderate-income residents, ensuring diversity and inclusivity. Outdoor recreational facilities enhance the quality of life for residents and can boost local economies by attracting visitors.

Overall, the Community Preservation Act is a powerful tool that allows Massachusetts communities to proactively preserve their unique character, support affordable housing, and enhance the quality of life for residents. By leveraging the CPA, communities like Framingham can undertake important projects that might otherwise be unaffordable, thanks to the dedicated funding source and state matching funds.

Brian Li is a real estate investor who purchased the historic Bullard Building in Framingham in March of 2013. Li has demonstrated his commitment to the community by collaborating with local organizations and hosting artistic works in the building’s storefront. He is also the president of Mass Properties Group, which has holdings in several Massachusetts locations.

The Bullard Building is a prominent historic brownstone structure located at the intersections of Routes 135 (Waverly St) and 126 (Irving St) in Downtown Framingham, across from the MBTA Station. The building was constructed in 1905-1906, replacing the Waverly Building that had burned down in a winter fire the year before. The Bullard Building was built to be more fire-proof, reflecting the era’s growing concerns about safety in commercial structures.

The Bullard Building has played a significant role in Framingham’s downtown area for over a century, housing various businesses over the years, including restaurants, medical and dental offices. Its central location and historic character make it a notable landmark in the community. The building’s enduring presence contributes to the town’s architectural heritage and sense of place.

The Bullard Building’s history is intertwined with the broader history of Framingham. The building’s construction in the early 20th century reflects the town’s growth and development during that period. Today, the building remains a vital part of the downtown area, supporting local businesses and contributing to the community’s vibrancy. The building’s new ownership by Brian Li represents a new chapter in its history, with opportunities for continued preservation and enhancement of this important historic resource.

Brian Li has been a staunch steward of Downtown Framingham, through adversity, and deserves the public’s consideration of this project proposed. FU stands behind this private project to seeking a mere $120,000 and we’ll report on it’s progress over the next 10 months in the current project cycle.

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