160 Stanton Avenue, Auburndale, MA 02466
Expand the existing Golda Meir House through two new additions with 68 net new rental apartments. 57 units will be permanently restricted to residents at least 62 years of age. Of the 60 units that will be permanently affordable at the income levels shown below, based on the federally defined Area Median Income (AMI), 9 units without age restrictions will be designated for individuals with disabilities who have experienced chronic homelessness.
housing unit mix:
|no. of bedrooms:||1||2|
|up to 30% AMI *||
|up to 50% AMI *||20||2|
|up to 60% AMI||18||2|
|under 100% AMI||8||2|
|no income restrictions **||
* The 9 units for formerly homeless individuals will be distributed between these two income categories and will be included in the total 30 units with vouchers, which will fill the gap between the contracted rent and 30% of the tenant's actual income (8 units through the federal Section 8 program, 22 units through the Massachusetts Rental Voucher Program).
** Of the two-bedroom units without formal income restrictions, one will be a rent-free unit for a resident manager and one will be a reduced-rent unit for one or more New England Conservatory graduate students participating in the planned resident enrichment services program. The rents for all units without formal income restrictions will be kept affordable to tenants with moderate incomes.
20 September 2019 - funding/project status update to Newton CPC (please note that documents below do not reflect this update)
Newton CPA funds committed
Note: Release of these CPA funds requires a grant agreement, which the CPC must vote to authorize once the project's other needed funds are committed.
|federal tax credit equity|
|state tax credit equity|
|state Dept. of Housing & Community Development subordinate debt|
|program partner contribution|
|$2,546,475||private philanthropy (new source)|
|$625,000||deferred developer fee|
|permanent (bank) loan|
|TOTAL PROJECT COST|
8 June 2018 - pre-proposal, discussed with CPC 10 July 2018
7 September-8 October 2018 - additional proposal attachments, posted separately:
6 October 2018 - community letters submitted to date
3 December 2018 proposal revisions:
24 October-12 December 2018 - CPC funding recommendation
17 December 2018 - City Council appropriation order
20 September 2019 - funding/project status update to Newton CPC (please note that documents above do not reflect this update)
This project incorporates a small parcel previously owned by the City of Newton. Additional background is available from the project's link on the Planning Department's High-Interest Projects page, under Development Review.
August 2017 - City of Newton Request for Proposals (RFP) for Stanton Avenue parcel with surplus water tower
October 2017 - JCHE response to City RFP
4 February 2020 - state funding awarded, including Low-Income Housing Tax Credits (LIHTC)