CPA Proposals & Projects

Myrtle Village

 

Community Housing

 

12-24 Curve Street, West Newton, MA 02465

goals:

Redevelop two existing homes, built in ca. 1880 and 1900, into 7 permanently affordable rental units with a total of 15 bedrooms, as shown below.

unit mix:

affordability
max. household income
as % of area median income (AMI)
bedrooms bathrooms square feet construction method
50% AMI (fully accessible)  1  700  new construction
 50% AMI  2.5  1,200  new construction
70% AMI 2 1.5 990 rehab/ addition
 70% AMI  2 1.5   1,275 rehab/ addition 
85% AMI 2 1.5 990 rehab/ addition
 85% AMI  2  1.5 1,275  rehab/ addition 
85% AMI 3 2.5 1,200 new construction

 

funding:

$910,179 CP funds appropriated (community housing)
$604,679 Community Development Block Grant (City of Newton federal funds)
$339,000 HOME (City of Newton federal funds)
$591,746 Village Bank permanent loan
$632,000 developer equity
$3,077,604 TOTAL PROJECT COST
 

contacts:

 

Funding Process

 

For final, 2013-14 proposal below, click here.

2011-12

 

27 July 2011 - pre-proposal, including: cover letter, summary & budgets; and preliminary site plans

1 February 2012 - full proposal project summary & project budgets, plus:  community need & outreach, property deeds & current mortgage, appraisals (2011) for 12 Curve Street and for 18-20 Curve Street, site, zoning & permitting, design & construction (including proposed site plans, elevations & floor plans), architect's qualifications, fair housing & affirmative marketing, site & project images (posted separately, but also included in proposal above: photos & floor plans of existing buildings, site plans, elevations & floor plans of proposed buildings)

3 February-March 2012 - supporting reviews of the proposal:

28 February 2012 - The CPC voted 7-0 to recommend full funding requested, but this recommendation was then held due to a potential conflict of interest:

  • 13 June 2012 - Housing staff update on steps for requesting an exception to U.S. Dept. of Housing and Urban Development conflict of interest rules.
  • The City of Newton preferred not to request an exception. A potential conflict of interest was eliminated by restructuring the governing board of Myrtle Village, LLC, but there was a 1-year waiting period before the proposal could be reconsidered.
 

2013-14

 

August-November 2013 - resubmitted full proposal, with updated project summary & project budgets; plus the following attachments (unless otherwise noted, unchanged from February 2012 submission above):

2 October 2013 - updated, independent appraisals commissioned by the Community Preservation Committee for 12 Curve Street and 18-20 Curve Street

12 October 2013 - project presentation for CPC public hearing

21 October 2013 - notes from community meeting

2013-2014 - supporting reviews of the proposal:

8 November 2013 - CPC funding recommendation

29 November 2013 - Planning & Development staff memo addressing community concerns expressed at public hearings (28 February 2012, 4 November 2013, 2 December 2013) or in writing; see references in the "Project News" section below

3 March 2014 - Board order (appropriation of funds)

 

Project News

 

25 February 2015 - Comprehensive Permit recorded at Registry of Deeds

23 April 2015 - Myrtle Village CPA grant agreement

2015 - documents recorded at Registry of Deeds to ensure permanent affordability:

 

Project Background

November 2006 - neighborhood history slide show, focusing on the impact of properties taken for construction of the Massachusetts Turnpike extension (long file, may load slowly)

2008 - Myrtle Baptist neighborhood on the National Register of Historic Places

affordable housing & property values

The November 2013 memo from Planning & Development staff above refers to the following studies:

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