Around Town
WestMetro HOME Holding Public Hearing on Annual Performance & Evaluation Report
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The following information was provided by WestMetro HOME Consortium:
Since 1992, the City of Newton has received over $35 million from the U.S. Department of Housing and Urban Development’s HOME Program through the WestMetro HOME Consortium for the development of affordable housing in Newton. Because Newton is not individually eligible to participate in the HOME Program, in 1991, the City spearheaded an effort to form a consortium under the newly enacted Program. Brookline, Waltham and Watertown joined Newton in this effort. Since that time, the Consortium, through Newton as the lead member, has received and distributed over $35 million in HOME funds to its members. The Consortium has provided grants and loans of HOME funds to for-and non-profit developers and directly to low-income households to create over 550 units of affordable housing.