Create 10 permanently affordable 3-bedroom ownership homes, using sustainable design and energy conservation features, with 4 units affordable at under 100 percent of median income, and 6 units affordable at up to 80 percent of area median income. Permanent affordability restrictions recorded at the South Middlesex Registry of Deeds: 192 Lexington St. Unit 1, 7-Sep-2011, Book 47404, Page 503; 192 Lexington St. Unit 2, 1-Sep-2011, Book 47388, Page 486; 192 Lexington St. Unit 3A, 1-Sep-2011, Book 47386, Page 501; 192 Lexington St. Unit 3B, 21-Sep-2011, Book 47485, Page 181; 192 Lexington St. Unit 4A, 4-Nov-2011, Book 57802, Page 141; 192 Lexington St. Unit 4B, 1-Sep-2011, Book 57387, Page 350; 192 Lexington St. Unit 5A, 16-Sep-2011, Book 57462, Page 38; 192 Lexington St. Unit 5B, 31-Aug-2011, Book 57376, Page 388; 192 Lexington St. Unit 6A, 7-Sep-2011, Book 57405, Page 369; 192 Lexington St. Unit 6B, 8-Sep-2011, Book 57410, Page 339. For CPA project details & documents, see link from program website, www.newtonma.gov/cpa, under "Proposals & Projects."
Project complete
10-05-2009
Project Category
Project Details
Housing Units
10
0
10
Acres
0
0
0
0
0
0
CPA Funding
$0
$2,004,554
$0
$0
$0
$2,004,554
$0
0
$0
Other Funding Sources Leveraged
$0
$0
$0
$1,040,727
$2,235,300
Federal funds $173,000 CDBG, $867,727 HOME. $2,235,300 of sales revenue. The developer refunded $41,446 of the original $2,046,000 CPA grant.
Total Project Cost
$5,280,581
$3,276,027
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