Location:

793 Washington Street, Newtonville

Goals:

Beacon Communities requests funding for their project to create 56 new affordable housing units over 2 new retail spaces on Washington Street in Newtonville. The new building will be 100% affordable and comprised of one to three unit apartments that will be available to households with incomes at 30%, 60% and 80% of the Area Median Income (AMI).

Funding:

NAHT Funds Requested:                               $2,000,000

Federal LIHTC Equity:                                  $14,790,833

State LIHTC Equity:                                      $10,837,500   

Project Funding From Other Sources:          $16,508,237

Total Project Cost:                                         $44,136,570

Anticipated Total Project Cost

per Affordable Unit:                                         $791,7140

Project Application Materials:

• NAHT Funding Application
• Appraisal 
• Development Pro Forma
• Development Team
• DHCD One Stop
• Letters of Support
• Market Study
• Non-AHT Funding
• Phase 1 ESA
• Plans - 50% Schematic Design
• Project Sponsor Information
• Purchase and Sale Agreement
• Site Photos

Additional Materials Submitted 11/12/25

• 2025 Operating Budget Summary
• YTD Financial Summary
• Financial Statements 
• 100% Schematic Design Plans
• Revised Site Maps
• List of Directors and Officers 
• Development Team Resumes
• Updated NAHT Funding Application (Nov. 13, 2025)

Funding Process:

November 18, 2025 - NAHT to hold initial review of project