Boston has voted to adopt the Community Preservation Act, which would enact a 1% property tax to fund affordable housing and other community projects.

According to Boston’s unofficial election results, 117,000 city voters said Yes to Ballot Question 5, which asked whether the city of Boston should participate in Massachusetts’s Community Preservation Act, while just over 64,000 voted against the act’s adoption.

The Community Preservation Act, a Massachusetts state law that’s currently enacted in at least 160 municipalities, proposes the creation of an additional $20 million in funding for affordable housing, park space, and historic preservation initiatives by means of a 1% property-tax surcharge.

This surcharge would translate to about $24 on property tax bills for the average Boston home owner, according to Vanessa Calderon-Rosado, CEO of Inquilinos Boricuas en Accion, a community-building and affordable housing organization. Low-income and elderly residents could apply for an exemption based on income level, she adds.

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