CPA Revenue Tops $94 Million as Yarmouth Prepares for May Park Openings

Related Topics: FY27 Budget

Key Points

  • CPA revenue has generated $44 million locally and attracted $50 million in matching funds since 2005
  • Grand opening of the Park at Parker's River Landing scheduled for May 2, 2026
  • Housing officials warned that the $560,000 median home price is double what median earners can afford
  • Revolutionary War monument featuring 450 local names to be dedicated June 20, 2026
  • FY27 revenue is estimated at $2.2 million with applications due this September

The total investment in Yarmouth’s community fabric through the Community Preservation Act (CPA) has eclipsed $94 million since 2005, local officials announced during a public hearing Wednesday. Committee Chair Judith Wilchynski opened the annual session by detailing how the local property tax surcharge, bolstered by $12 million in state matching funds, has become a cornerstone for local infrastructure and preservation. While the town currently anticipates approximately $2.2 million in revenue for fiscal year 2027, Wilchynski noted that recent policy shifts have adjusted the program’s immediate cash flow. The accumulation of the surcharge across the town's taxpayers, both homeowners and businesses, has brought in about $1.9 million annually for CPA purposes, she explained, though she pointed out that local revenue was reduced by approximately $500,000 following the 2021 adoption of a $100,000 exemption aimed at funding the new Water Infrastructure Investment Fund (WIIF).

The financial impact of these funds was defended by Town Administrator Robert Whritenour, who highlighted the unique role CPA plays in a town constrained by Proposition 2 1/2. Whritenour, who also serves as the chair of the Affordable Housing Trust, argued that basic services like schools and fire departments consume the lion's share of the general budget, leaving little room for capital improvements. I will guarantee you if it were not for your efforts and having the Community Preservation program, these important needs of the community would be left behind, Whritenour said, adding that the program allows the town to leverage millions in additional state and federal grants.

Housing remains a primary focal point for the committee, with Member Lee Hamilton reporting that the town has successfully created or preserved 298 affordable housing units to date. Hamilton highlighted several ongoing efforts, including Forward at the Rock, which provides housing for residents with autism. Forward at the Rock Phase 1 was awarded $120,000 for eight one-bedroom apartments, and Phase 2 was awarded $180,000 to provide an additional five apartments. These are scheduled to open in late spring 2026, Hamilton noted. The committee also recently authorized $620,560 for the Yarmouth Municipal Affordable Housing Trust to support further motel conversions and rehabilitation efforts.

Affordable Housing Administrator Mary Waygan provided a sobering look at the local market, citing a UMass Dartmouth study showing that Yarmouth’s median home price of $560,000 is now double what many local workers can afford. Waygan emphasized that two-thirds of the town's renters are now cost-burdened, spending more than 30 percent of their income on housing. The study confirmed what most of us know by just living here is that rents and housing prices are just too high for people who live and work here, Waygan said. She urged the committee to prioritize mixed-use developments along Route 28 to steer developers away from those mega Chapter 40Bs that are becoming more common across Cape Cod.

In the realm of recreation and open space, several major projects are nearing completion. Member Debbie Clark announced that the long-awaited Park at Parker's River Landing, formerly known as the Riverwalk Park, is set for a grand opening on Saturday, May 2, 2026. The recreation category does not have its own designated reserve fund, the CPC is very supportive of recreation projects, Clark said, citing recent successes like the Sandy Pond inclusive playground. Conservation Commission Administrator Brittany D'Orienzo added that construction at Chase Brook Park is moving quickly, with a new bridge scheduled for installation in May. D'Orienzo also reported that a $40,000 award for invasive species management is seeing significant results at Run Pond and Taylor Bray Farm.

Vice Chair Paul Huggins noted the town’s recent acquisition of 3.14 acres on Nottingham Drive, which will expand the protected land around Taylor Bray Farm. Its protection would be beneficial for the long-term coastal resilience of the surrounding properties, which is a goal in Yarmouth's Open Space and Recreation Plan, Huggins said. This sentiment was echoed by Rick Bishop of the Friends of Bass River, who thanked the committee for its support in leveraging federal funds for local water bodies. The work we've been able to do to improve I think I would describe as kind of the jewel of the town, Bass River... has been really significant, Bishop said.

The town’s history will also see a major tribute this summer. Member David Geanacopoulos announced that a Revolutionary War memorial at Fred Thatcher Park is nearing completion and will be dedicated on June 20, 2026. The monument will bear the names of over 450 old Yarmouth residents who participated in the War for Independence, Geanacopoulos said, inviting the public to the 250th-anniversary celebration. Historical Society representative Gary Sashaw suggested the town's preservation plan should expand its definitions to better protect the town's archives. Perhaps adding a sentence something like 'they also include documents and artifacts that are significant in the town's history.' So it's more than just buildings, Sashaw recommended.

Looking ahead to the fiscal year 2027 cycle, Wilchynski reminded potential applicants that the committee expects approximately $2.2 million in total revenue, though $450,000 of that is already earmarked for a previously authorized bond. Applications for the next round of funding are due in September. Member Al Meyers, the committee’s newest at-large member, was introduced during the hearing but did not offer formal comments. The committee will continue to accept public comments on the draft Community Preservation Plan through May 15, 2026.