What are some examples of how the funds might be spent?
• Open space: purchase of existing open space, creation of recreation sites, or the purchase of development rights along river corridors or near public water sources (e.g., farmland, the creation of a park at the Stanley Iron Works site). • Historic preservation: restoration of municipal buildings for government or community use, creation of a low-cost loan fund for restoration of private or public historic properties. Examples might include restoration of the Academy Building. • Affordable housing: development or refurbishment of low-income housing (e.g., for a 4-person family earning less than $58,320) or senior moderate-income housing (for a 2-person senior household, over 60, earning less than $58,320). This would help Bridgewater meet the state Chapter 40B requirement that at least 10% of housing be affordable within the community.
