90 Christina Street, Newton Highlands, MA 02461
This project was canceled in 2004 because no municipal employees applied who both met the income requirements and could qualify for a mortgage. All funds were transferred to the Newton Homebuyer Assistance Program.
Reduce purchase price to make 3 housing units affordable to buyers from moderate-income households who are full-time employees of the City of Newton, and protect affordability through perpetual deed restrictions.
|$378,000||CPA funds appropriated (community housing)|
|$376,750||CPA funds transfered to Newton Homebuyer Assistance Program|
|$1,250||total CP funds spent, on CPC-required appraisal|
1 November 2002 - original proposal, including:
4 February 2003 - CPC requests for legal opinions on municipal employee preference, term of affordability, & zoning
11 February 2003 - housing consultant evaluation & recommendations
February 2003 - proposal revisions (based on Planning Dept. recommendations)
3 April 2003 - memo & agreement on perpetual affordability, with
8 April 2003 - Board request for & summary of legal opinions on municipal employee preference
9 April 2003 - Board order (appropriation)
28 January 2004 - CPC request to transfer funds to Newton Homebuyer Assistance Program
16 July 2003 - Planning Dept. memo on lessons learned from this project for the Newton Homebuyer Assistance Program