In an existing 2-family home, create 2 units of rental housing with a total of 5 bedrooms, permanently affordable to households at up to 80% of area median income. Housing restrictions recorded: 18-Oct-2004 Book 43916, Page 498; 12-Aug-2005 Book 45843, Page 162. For project details & documents, see link from program website, www.newtonma.gov/cpa, under "Proposals & Projects."
Project complete
04-04-2005
Project Category
Project Details
Housing Units
2
0
2
Acres
0
0
0
0
0
0
CPA Funding
$0
$275,000
$0
$0
$0
$275,000
$0
0
$0
Other Funding Sources Leveraged
$312,500
$50,000
$525,000
$0
$301,266
Private bank mortgage and developer's equity contribution.
Total Project Cost
$1,463,766
$1,188,766
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