CPA Proposals & Projects

Newton Homebuyer Assistance Program

 

Citywide

(see map link under Project News below)

 

goals:

Provide downpayment assistance to low- and moderate-income households for purchasing a home in Newton, in return for restrictions keeping those homes affordable to households at these income levels in perpetuity.

funding:

$3,209,050 total CPA funds appropriated through 15 June 2015
partly or fully supported with CPA funds (to be confirmed) through November 2012 (most recent case assisted):
21

total units

44

total bedrooms 

 

contacts:

  • Malcolm Lucas, Housing Planner
    City of Newton Planning and Development Department
    1000 Commonwealth Avenue
    Newton Centre, MA 02459
    617.796.1149
    mlucas@newtonma.gov
 

Funding Process

2003-06

31 March 2003 - Homebuyer Assistance CPC funding recommendation, phase 1

17 May 2004 - Board order, phase 1: appropriation $500,000

7 November 2005 - Homebuyer Assistance proposal, phase 2 & presentation, phase 2, (including photos)

3 March 2006 - CPC funding recommendation, phase 2

20 March 2006 - Board order, phase 2: appropriation $208,250

2008

21 May 2008 - Homebuyer Assistance proposal, phase 3

28 May 2008 - presentation, phase 3 (including photos)

23 June 2008 - CPC funding recommendation, phase 3

6 October 2008 - Board order, phase 3: appropriation $968,800

2012-13

4 April 2012 - Homebuyer Assistance pre-proposal, phase 4

14 December 2012 - Homebuyer Assistance proposal, phase 4, with all attachments and initial letters of support; revised version includes minor program design changes

14 January 2013 - additional letters of support (including Newton Housing Partnership and United Citizens for Housing Affordability in Newton), revised

14 February 2013 - presentation, phase 4

4 February 2013 - CPC funding recommendation, phase 4

22 May 2013 - Newton Law Dept. memo on asset limits in homebuyer programs, requested by the Board of Aldermen's Finance Committee

7 October 2013 - Board order, phase 4: appropriation $475,000

2015

23 January 2015 - Homebuyer Assistance pre-proposal, phase 5

13 March 2015 -Homebuyer Assistance proposal, phase 5, with Sample Instructions for Program Applicants (requested by CPC as proposal background)

9 April 2015 - public hearing presentation, phase 5

30 April 2015 - CPC funding recommendation, phase 5

15 June 2015 - Board order, phase 5: appropriation $1,057,000

 

Project News

August 2011 - program funds used to purchase additional affordability for a unit previously restricted using non-CPA funding

November 2012 - updated map of all cases assisted through 2 November 2012

 

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