CPA Proposals & Projects

Please note: As of June 2017, this page,
http://www.newtonma.gov/gov/planning/cpa/projects/housing_authority.asp

now contains all information for the Newton Housing Authority's Wyman Street project, which previously had its own project page.

Newton Housing Authority

contacts:

  • Amy Zarechian, Executive Director
    Newton Housing Authority
    82 Lincoln Street, Newton Highlands, MA 02461
    email: azarechian@newtonhousing.org
    phone: 617.552.5501

projects below:


Jackson Road New Senior Housing

(Haywood House) 

Jackson Road, Newton Corner, MA 02458
(rear of 83-127 Kennedy Circle, Newton Corner, MA 02458)

goals: Create 42 permanently affordable one-bedroom rental units for seniors: 32 for households with up to 60% of the area median income (AMI), of which the developer anticipates that 8 will be occupied by households with no more than 30% of AMI; and 10 moderate-income units for households with between 81 and 99% of AMI. 4 units will be designated for households that have been homeless or are at risk for homelessness.

total funding:
$2,000,000 potential CPA request
$3,225,000 permanent loan (bank / public agencies)
$10,427,857 9% Low Income Housing Tax Credits (LIHTC) and 4% Massachusetts Housing Tax Credits
$1,000,000  MA (DHCD) Affordable Housing Trust Fund
 $750,000    Housing Stabilization Fund
$17,402,857 Approx. TOTAL PROJECT COST

 

Funding Process

2016-17

26 February 2016 - pre-proposal ($1 million in CPA funding)

10 March 2016 - minutes of the CPC's pre-proposal discussion

22 March 2017 - Newton Housing Authority update to CPC

15-31 May 2017 - revised pre-proposal ($2 million in CPA funding)

16 June 2017 - phase 2 site environmental assessment

16 June 2017 - market analysis (estimating effective demand for these units)

7 July 2017 - full proposal (some files are long and may load slowly):

4 August 2017 - letters to the CPC about this proposal received to date (League of Women Voters, Council on Aging, Fair Housing Committee)

9 August 2017 - The Housing Authority withdrew this proposal for revision and future resubmission. The CPA funding request may change. For minutes of that August 2017 discussion, click here.

Project News

1874-1929 - historic maps of the project area


Wyman Street Apartments

52-54 Wyman Street, Waban, MA 02468

goals: Create 10 deed-restricted, 2-bedroom units of rental housing that will be permanently affordable to households with up to 50 percent of the area median income, in a 1950s building in the village center of Waban, on the MBTA's Green Line.

total funding:
$1,000,000 CP funds appropriated & spent (community housing)
$1,550,000 City of Newton inclusionary zoning funds
$1,000,000 Village Bank mortgage
$17,995 CDBG de-leading grant (Newton fed'l funds)
$3,567,995 TOTAL PROJECT COST

 

Funding Process

 

2004

October 2004 - proposal, with

10 December 2004 - Planning Dept. staff memo:

15 December 2004 - CPC funding recommendation (revised April 2005)

2005

19 April 2005 - CPC memo to Board of Aldermen on tenant income levels

19 April 2005 - Board order (appropriation)

Project News

27 July 2005 - project grant agreement

May 2009 - confirmation of total project costs

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