WestMetro HOME Consortium
The HOME Program – What is it?
Since 1992, the City has received over $3.7 million from the U.S. Department of Housing and Urban Development's HOME Investments Partnership Program through the WestMetro HOME Consortium for the development of affordable housing in Newton. The City has provided grants and loans of HOME funds to non-profit developers who have created over 60 units of affordable housing. The developers have used these HOME funds to leverage over $10 million in other funds to produce this housing.
What is the WestMetro HOME Consortium?
Because Newton is not individually eligible to participate in the HOME Program, in 1991, the City spearheaded an effort to form a consortium under the newly enacted Program. Brookline, Waltham and Watertown joined Newton in this effort. Since that time, the Consortium, through Newton as the lead member, has received and distributed over $19 million in HOME funds to its members. In the last few years, Bedford, Belmont, Framingham, Lexington, Lincoln, Natick, Needham, and Sudbury, have all joined the Consortium.
For more information on the HOME Program please contact the Housing Programs Manager 617- 796-1156 or email@example.com.