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Newton staff outlines pipeline of affordable and senior housing projects, highlights tax-credit changes
Summary
City staff presented an annual housing report detailing completed and planned developments — including Mennonite Housing's Harvest Point, Fox Ridge, Hope Estates and downtown apartments — and summarized state-level changes to affordable-housing tax credits that could affect future projects.
City planning staff presented Newton’s annual housing report during the Aug. 26 meeting, summarizing recent completions, ongoing subdivisions and the status of several affordable and senior housing initiatives.
The report, presented by planning/housing staff (Zach), said Mennonite Housing’s Harvest Point phase 1 includes 16 duplexes (32 units) with a valuation “a little over $6,000,000.” Mennonite Housing Rehabilitation Services secured awards to support a proposed phase 2 that would add 28 senior housing units, staff said. Fox Ridge — described as the city’s largest active residential development — was reported to include a mix of housing types (19 single-family homes, 38 duplexes and 11 triplexes), with 32 certificates…
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