City of Newton, MA
Home MenuFalmouth and Jackson Roads
Community Housing
20-22 Falmouth Road
West Newton, MA 02465
163 Jackson Road
Newton Corner, MA 02458
Goals
Convert two existing 2-family homes to rental housing permanently affordable to households at up to 80% of the area median income, for a total of 4 affordable units with 10 bedrooms.
Funding
As listed in original proposal - final sources to be confirmed.
| $550,000 | CPA funds appropriated (community housing) |
| $400,000 | CDBG funds |
| $1,050,000 | Mass. Housing Investment Corp. |
| $225,500 | Newton Housing Rehab Fund |
| $100,000 | Federal Home Loan Bank of Boston |
| $600,000 | Bank loan |
| $2,533 | Developer's equity contribution |
| $2,928,033 | Total Project Cost |
Contact
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
Proposal Review & Appropriations
Documents listed here apply to both addresses. Additional documents for each individual address are listed separately below.
- 15 October 2004 - Proposal, including development & operating budgets, letters of financial commitment, evidence of site control, scope & pricing of construction
- 15 November 2004 - Letters of support
- 10 December 2004 - City of Newton Housing Staff memo
- Oct & Dec 2004 - Development & operating budgets, revised
- 17 March 2005 - Development budget & funding sources, further revisions
- 30 March 2005 - CPC funding recommendation
- 4 April 2005 - Board order (appropriation)
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