Create 35 new studio (1-bedroom) permanently affordable rental units in a staffed group facility for seniors at or above the age of 62, with incomes at or below 50 percent of the area median. Housing restrictions recorded: 4 February 2004 Book 41966, Page 245; 30 March 2004, Book 42353, Page 296. For project details & documents, see link from program website, www.newtonma.gov/cpa, under "Proposals & Projects."
Project complete
04-09-2003
Project Category
Project Details
Housing Units
35
0
35
Acres
0
0
0
0
0
0
CPA Funding
$0
$850,000
$0
$0
$0
$850,000
$0
0
$0
Other Funding Sources Leveraged
$47,000
$26,000
$1,100,000
$3,982,000
$406,016
Developer's contribution, Farnsworth Fund grant, energy rebates, donation & below-cost sale by Roman Catholic Archdiocese of Boston.
Total Project Cost
$6,411,016
$5,561,016
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