City of Newton, MA
Home MenuKesseler Woods
Near 200 Vine Street (bordered by La Grange St.)
Chestnut Hill, MA 02467
- See Project Maps below
- 2019 Conservation Restriction Funding ($15,000)
Goals
Preserve 21 acres of open space and habitat through public ownership, either of the land itself or of easements and restrictions, and provide a trail system and formal public access for passive recreation.
All CPA funding for Kesseler Woods was counted as for the acquisition of open space. However, the CPC’s recommendation for open space funding was contingent on permanent affordability for at least 11 units or 15% of all townhouses or multi-family housing developed by the City's private bidding partner in this acquisition.The final special permit granted in April 2015 for 88 units of rental housing in one multi-family building required 13 of those units to be permanently affordable, as follows:
Affordable Housing at Kesseler Woods
Rents must be permanently affordable to households at these percentages of area median income (AMI):
| Unit Sizes | ≤ 50% AMI | ≤ 65% AMI | ≤ 80% AMI |
|---|---|---|---|
| 1 Bedroom | 2 units | 1 unit | 2 units |
| 2 Bedrooms | 4 units | -- | 4 units |
Funding
$5,218,375 CPA funds appropriated by Board order (open space)
$6,007,115 CPA funds spent, including both principal and interest on debt financing
Allocation by Spending Purpose
| $118,000 | Planning, consulting and legal costs (small unspent balance returned to Newton's Community Preservation Fund) |
| $5,000,000 | Land acquisition - debt principal |
| $889,115 | Land acquisition - debt issuance and interest |
| $15,000 | Not included in totals above: grant to the Newton Conservators for holding the permanent conservation restriction required by the CPA statute |
Contact
Newton Conservation Commission
c/o Senior Environmental Planner
Planning & Development Department
1000 Commonwealth Avenue
Newton Centre, MA 02459
617-796-1134
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