Elliot Street / Linden Green

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Elliot Street - Linden Green Community Housing & Historic Resources

248 Elliot Street and 12 Linden Street
Newton Upper Falls, MA 02464

Goals

Preserve, rehabilitate and expand a ca. 1840 Greek Revival worker's cottage to create 3 affordable units with a total of 6 bedrooms (with 1 bedroom, 2 bedrooms and 3 bedrooms), in a mixed-income condominium development with a total of 5 units and 11 bedrooms. Two affordable units are designated for households at up to 80 percent of area median income; one is for a household below 100 percent of area median income.

Additional CPA funds were used to restore historic exterior clapboards discovered in the course of renovations.

Funding

$511,710	CPA funds appropriated (community housing)
$106,890	CPA funds appropriated (historic resources)
$618,600	Total CPA Funds Appropriated

Cost Information Below From Original Proposal - To Be Confirmed & Updated

$276,319	CDBG & HOME funds (Newton-controlled federal housing funds)
$1,405,596	Village Bank loan
$4,479	Developer's equity
$2,304,994	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

2004

January-March 2004 - Newton Historical Commission approval for changes to historic structure & new addition, with exterior details & elevations
December 2003-May 2004 - Initial funding proposal to the CPC (8 April 2004) for housing & historic resources funds, including: budget & construction estimates, petition of support, commitment of non-CP funds (CDBG & HOME, Village Bank), deed
Other documents submitted in support of initial proposal:
- Appraisal (December 2003), supporting purchase price
- Environmental report (January 2004)
- Specifications/scope of work, additional site plans, elevations (April 2004)
- Recent prices for Newton condominiums (April 2004), supporting initial revenue projections
- Additional letters of support (May 2004)
21 May 2004 - City of Newton Housing staff analysis
28 July 2004 - Initial CPC recommendation for housing & historic resources funds
25 October 2004 - Revised site eligibility requirements for affordable housing under Mass. Chapter 40B
15 November 2004 - Initial Board order (appropriation of housing & historic resources funds)

2005

3 January 2005 - Supplemental proposal to restore original historic clapboards, discovered after project work began
20 August 2005 - Building elevations showing original clapboards
16 February 2006 - Supplemental CPC recommendation for historic resources funds
- 6 March 2006 - Standards for historic preservation & restoration, submitted with CPC recommendation
20 March 2006 - Supplemental Board order (appropriating historic resources funds)

Project News

2005

21 June 2005 - Appraisal: updated anticipated full-market values for the 5 condominiums
August 2005 - Regulatory agreement & affordable housing deed rider under state of Massachusetts Local Initiative Program
27 October 2005 - Project expenditures to date, including: architectural, surveying & engineering services; construction; taxes & insurance; mortgage interest & mortgage reduction
December 2004-May 2005 - Comprehensive Permit under Mass. Chapter 40B: appeal and settlement
3 November 2005 - Historic preservation restriction and initial grant agreement, with mortgage & promissory note
22 December 2005 - Neighborhood concerns & project sponsor response about site conditions during construction