In an existing 2-family home, create 2 units of rental housing, with a total of 4 bedrooms, that will be permanently affordable to households at up to 80 percent of the area median income. 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
2
0
2
Acres
0
0
0
0
0
0
CPA Funding
$0
$200,000
$0
$0
$0
$200,000
$0
0
$0
Other Funding Sources Leveraged
$50,000
$0
$341,417
$415,000
Non-CPA funding included: $400,000 bank mortgage, $341,417 CDBG, $50,000 Newton Housing Authority, $15,000 foundation grant.
Total Project Cost
$1,006,417
$806,417
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