In an 1890s house that was converted into a nursing home in the 1930s, create shared common space and 10 permanently affordable rental studio apartments (total 10 bedrooms) for individuals 55 years or older, with incomes up to 50 percent of the area median. Additional restrictions recorded at the South Middlesex Registry of Deeds: new permanent affordability restriction was recorded when ownership of the property was transferred to the Newton Housing Authority, 11 August 2008, book 51562, page 536. For project details & documents, see link from program website, www.newtonma.gov/cpa, under "Proposals & Projects."
Project complete
08-11-2003
Project Category
Project Details
Housing Units
10
0
10
Acres
0
0
0
0
0
0
CPA Funding
$0
$311,936
$0
$0
$0
$311,936
$0
0
$0
Other Funding Sources Leveraged
$0
$0
$990,778
$1,436,657
$178,428
Private bank mortgage
Total Project Cost
$2,917,799
$2,605,863
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