CPA Proposals & Projects

Chestnut Street / Millhouse Commons

Community Housing

1093-1101 Chestnut Street, Newton Upper Falls,MA 02464

goals:

As part of a 6-unit, mixed-income condominium development, create 4 deed-restricted affordable units of housing, with a total of 10 bedrooms, and rehabilitate a circa 1870 Italianate house built for mill workers. Two of the deed-restricted units will be affordable to households at or below 80 percent of area-wide median income, and two will be affordable to households at up to 100 percent of area-wide median income.

funding:

$738,383 CPA funds appropriated (community housing)
funding sources below from March 2004 revised budget - to confirm or update:
$575,000 CDBG funds
$2,775,000 bank loan
$398,000 sales revenue
$170,000 owner's contribution
$4,656,383 TOTAL PROJECT COST

contacts:

Proposal Review & Appropriations

2004

October-December 2004 - initial funding proposal to the CPC (15 October 2004) including development budget, anticipated sales prices, letters of support, & deed

attachments and supporting information submitted for this proposal:

4 February 2004 - Massachusetts Historical Commission comments on historic significance

March 2004 - revised development budget

2005

16 March 2005 - requested state funds denied

30 March 2005 - revised construction cost estimate

28 April 2005 - state approval of proposed modular units

25-27 May 2005 - revised funding proposal to the CPC

attachments & supplemental information:

29 June 2005 - Newton Historical Commission letter of support

29 June 2005 - CPC funding recommendation

6 July 2005 - requested allocation of funds among CPA categories

  • NOTE: Although the CPC recommended, and the proposal sponsor requested, funding as both historic resources & housing, the final appropriation was allocated 100% to community housing.

15 July 2005 - Aldermanic conflict of interest declaration

8 August 2005 -Board order (appropriation of funds)

Project News

November - December 2005 - filling at the South Registry of Deeds:

 

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