Cambria Road Projects

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Community Housing

Funding

$471,117	10-12 Cambria Road
$351,025	11-13 Cambria Road
$200,000	18-20 Cambria Road
$1,022,142	Total CPA funds appropriated

Jennifer Van Campen, Executive Director
Citizens for Affordable Housing Development in Newton Organization (CAN-DO)
79-B Chapel Street, Nonantum, MA 02458
jvc@metrowestcd.org
617-923-3505

10-12 Cambria Road

Cambria Road housing (10-12) 10-12 Cambria Road
West Newton, MA 02465

Create 2 units of rental housing, each with 2 bedrooms, permanently affordable to households at up to 50% and 80% of area median income.

$471,117	CPA
$189,293	City of Newton CDBG funds (federal)
$195,000	City of Newton HOME funds (federal)
$50,000	Charlesbank Homes (foundation grant)
$905,410	Total Cost

2015

21 August 2015 - Pre-proposal, including timeline, scope of work and draft development and operating budgets
- Maps & photos submitted with pre-proposal
7 August 2015 - Description of this property in Newton's Assessors Database
19-20 October 2015 - Full proposal:
- Project summary, including: budgets (development & operating), timeline, deed, scope of work & cost estimates, design/sustainability
- Project budgets (repeated from document above, with pre-proposal budgets for comparison)
- Maps & photographs
- Sponsor information, including: organization mission & portfolio, project team qualifications, Board of Directors, annual operating budget, most recent annual audit
- Petition of support (phone numbers and email addresses omitted online to protect confidentiality): part 1 (19 October 2015), part 2 (17-20 November 2015
- Additional documents for full proposal:
  - 6 August 2015 - Home inspection report This long file may load slowly.
  - 20 August 2015 - Bank appraisal (submitted & posted 16 November 2015)
  - 21 September 2015 - Newton Housing Partnership letter to Planning & Development Board
  - 15 October 2015 - Independent appraisal, commissioned by Newton CPC
  - 16 November 2015 - Housing staff memo to CPC (revised from October 2015 memo to Planning & Development Board)
  - September 2015 - Community letters about this proposal (rec'd through 17 November 2015)
19 November 2015 - Presentation to CPC public hearing

2016

7 December 2015/1 February 2016 - CPC funding recommendation (summary budget for non-CPA funding sources updated 1 February 2016, no change in CPA request)
19 April 2016 - City Council order (appropriation)

22 June 2016 - CPA grant agreement, including affordability restriction as recorded (affordable housing covenants)
12 October 2017 - Final project report to the CPC, including photographs

11-13 Cambria Road

Cambria Road housing (11-13) 11-13 Cambria Road
West Newton, MA 02465

Create 2 units of rental housing, each with 2 bedrooms, permanently affordable to households with up to 80% of area median income.

$351,025	CPA project funding
$280,000	City of Newton CDBG (federal funds)
$140,000	Permanent (bank) mortgage
$40,000	Charlesbank Foundation grant
$811,025	Total Project Cost

2005

1 December 2005 - Proposal, with additional attachments:
- Sponsor's financial statements for 2004 (submitted 10 January 2005)
- Home inspection report (submitted 30 September 2005) This large file may load slowly.
- Appraisal (submitted 1 November 2005)

2006

December 2005 - January 2006 construction scope of work:
- Draft scope of work (9 December 2005)
- Final scope of work (7 January 2006)
- City staff analysis of scope of work, including photo (17 January 2006)
December 2005 - January 2006 consultant analysis of proposal:
- Consultant scope of work (15 December 2005)
- Consultant final report (23 February 2006)
1 March 2006 - Initial CPC-recommended funding conditions, based on
- Original budgets (1 March 2006)
- Revised budgets (23 March 2006)
24 March 2006 - CPC final funding recommendation
18 April 2006 - Board order (appropriation)

18-20 Cambria Road

Cambria Road housing (18-20) 18-20 Cambria Road
West Newton, MA 02465

Create 2 units of rental housing, with a total of 7 bedrooms, permanently affordable to households with up to 80% of area median income.

$200,000	CPA funds appropriated (community housing)
$341,417	City of Newton CDBG (federal funds)
$400,000	Permanent (bank) mortgage
$50,000	Newton Housing Authority
$15,000	Charlesbank Foundation grant
$1,006,417	Total Project Cost

2002

1 November 2002 - Proposal, including proposed budgets and additional attachments:
- 31 October 2002 - Letters of support (This large file may load slowly)
- 16 November 2002 - Appraisal

2003