Create 2 units of permanently affordable rental housing with a total of 6 bedrooms in an existing two-family house, for families headed by formerly homeless veterans at less than 80 percent of the area median income. For CPA project details & documents, see link from program website, www.newtonma.gov/cpa, under "Proposals & Projects."
Project complete
05-03-2010
Project Category
Project Details
Housing Units
2
0
2
Acres
0
0
0
0
0
0
CPA Funding
$0
$375,000
$0
$0
$0
$375,000
$0
0
$0
Other Funding Sources Leveraged
$0
$100,000
$0
$300,000
$175,000
$300,000 CDBG, two $50,000 grants from the Federal Home Loan Bank and Charlesbank Homes, $175,000 bank loan.
Total Project Cost
$950,000
$575,000
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