City of Newton, MA
Home MenuCrescent Street
Affordable Housing & Community Park
70 Crescent Street
Auburndale, MA 02465
For the most recent updates (as of 11 July 2018), see the CPA Funding Process section below.
Goals:
Build 8 units of rental housing, with at least 4 units permanently affordable (see proposed income levels below) and expand an existing small community park (the Reverend Ford Playground) on land taken for the Mass Turnpike in the early 1960s but later returned to the City of Newton and used by its Parks & Recreation Dept.
Housing Units & Income Levels:
(AMI = area median income)
Updated to reflect the March 2018 updated budgets below
| Unit Size | ≤60% AMI | ≤ 80% AMI | <99% AMI | ≤120% AMI | Total Units | Total Bedrooms |
|---|---|---|---|---|---|---|
| 2 bdrms,1 bath | 1 | 2 | -- | 1 | 4 | 8 |
| 3 bdrms, 1.5 baths | 1 | 1 | 1 | 1 | 4 | 12 |
Funding:
Funds Appropriated Through September 2017
| $100,000 | CPA funds appropriated for site assessments (4 April 206, Council order #119-16); CPA funds spent $41,752 For reports from these assessments, see the Project News & Results section below. |
| $100,000 | City non-CPA funds appropriated for site cleanup (6 September 2016, Council order #276-16) |
| $260,000 | CPA funds appropriated for feasibility & design: $103,378 for housing; $156,622 for playground (6 March 2017, Council order #35-17B) In addition, $58,247 of funds unspent from the site assessment above were forwarded for feasibility & design: $8,247 for housing; $50,000 for playground. |
| $298,500 | City non-CPA funds appropriated for feasibility & design (6 March 2017, Council order #10-17) |
Additional funding requested or to be requested, per March 2018 updated budgets below.
Additional CPA Funding
| $1,481,622 | For affordable housing |
| $1,093,378 | For expansion of Rev. Ford Playground |
Additional Non-CPA Funding
(all for housing, none for playground)
| $750,000 | In both financing plans: City of Newton Inclusionary Zoning Fund |
| $2,334,932 (same amount in both plans) |
Either Affordable Housing Financing Plan: $1,758,000 from City of Newton Rainy Day Fund; $576,932 from City of Newton Health Holiday Fund; no debt Or Standalone Financing Plan: $1,000,000 CDBG and $350,000 HOME (both sources are Newton federal funds); $984,932 City of Newton loan to project @ 3.75% interest |
Total Estimated Project Cost
| $6,019,932 | Including all costs/funding listed above (no change from December 2017 proposal), excluding costs listed in budgets as "other" (neither housing nor playground) |
Totals Breakdown
(from March 2018 updated budgets below)
| $4,720,127 | Total housing costs (no change from December 2017 proposal) |
| $1,299,805 | Total playground/park costs (no change from December 2017 proposal) |
| $242,000 | Total other costs (reduced from $583,499 in December 2017 proposal) |
Contact:
Joshua Morse, Commissioner &
Rafik Ayoub, Project Manager
City of Newton Public Buildings Dept.
52 Elliot Street
Newton Upper Falls, MA 02464
rayoub@newtonma.gov
617-796-1600
Barney Heath, Director &
Amanda Berman, Housing Development Planner
Planning and Development Dept.
City Hall, 1000 Commonwealth Avenue
Newton Centre, MA 02459
bheath@newtonma.gov
617-796-1120
Robert DeRubeis, Commissioner
City of Newton Parks & Recreation Dept.
246 Dudley Road, Kennard Park
Newton, MA 02459
bderubeis@newtonma.gov
718-796-1500
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