AUSTIN STREET - - PowerPoint PPT Presentation

▶
austin street
SMART_READER_LITE
LIVE PREVIEW

AUSTIN STREET - - PowerPoint PPT Presentation

Aug 27, 2022 348 likes •624 views

AUSTIN STREET BNAI BRITH HOUSING Newtons Proven Nonprofit Developer Community-Focused Entrepreneurial Trusted

slide-1
SLIDE 1

B’NAI B’RITH HOUSING Newton’s Proven Nonprofit Developer Community-Focused • Entrepreneurial • Trusted

AUSTIN STREET

slide-2
SLIDE 2

AUSTIN STREET

  • Beautiful Newtonville

Common Ground Report

slide-3
SLIDE 3

AUSTIN STREET

slide-4
SLIDE 4

B’NAI B’RITH HOUSING Community-Focused • Entrepreneurial • Trusted

B’NAI B’RITH HOUSING

  • 33 Comm-Chestnut Hill, Newton
slide-5
SLIDE 5

B’NAI B’RITH HOUSING Community-Focused • Entrepreneurial • Trusted

B’NAI B’RITH HOUSING

  • 33 Comm-Chestnut Hill, Newton
slide-6
SLIDE 6

B’NAI B’RITH HOUSING Community-Focused • Entrepreneurial • Trusted

B’NAI B’RITH HOUSING

  • 33 Comm-Chestnut Hill, Newton

“Congratulations

  • n a terrific

project that has enhanced our neighborhood and made our city proud of what can be accomplished when developers, neighbors and city officials work together.”

  • -Abutter
slide-7
SLIDE 7

B’NAI B’RITH HOUSING Community-Focused • Entrepreneurial • Trusted

B’NAI B’RITH HOUSING

  • 33 Comm—Owner’s Occupations

Librarian College Registrar

PHYSICIAN Teacher Customer Service Rep.

RETIREE Development Manager School Bus Driver

Sales Person Therapist

Biologist Kindergarten Teacher Medical Coordinator PHARMACIST Literature Professor

Spa Employee Special Education Teacher

slide-8
SLIDE 8

B’NAI B’RITH HOUSING Community-Focused • Entrepreneurial • Trusted

B’NAI B’RITH HOUSING

  • 33 Comm—Chestnut Hill, Newton

“This housing makes a tremendous difference to working professionals like me who want to purchase a high quality condominium home in their longtime community”.

  • -Newton Librarian and 33Comm owner
slide-9
SLIDE 9

B’NAI B’RITH HOUSING Community-Focused • Entrepreneurial • Trusted

B’NAI B’RITH HOUSING

  • 33 Comm—Chestnut Hill, Newton

“For nine years, I lived on the other side of Newton in a basement apartment. This place is quite an upgrade from my former damp and dark dwelling.”

  • -Stephanie LeFever

School Teacher & Coach Newton Public Schools

slide-10
SLIDE 10

B’NAI B’RITH HOUSING Community-Focused • Entrepreneurial • Trusted

B’NAI B’RITH HOUSING

  • “If we don’t build

affordable units, young families will not be able to come here. Seniors will not be able to stay here…”

  • -Mayor Setti Warren,

City of Newton at BBH Celebration

  • f 33Comm
slide-11
SLIDE 11

AUSTIN STREET

  • Newton’s Affordable Housing

* Subsidized Housing Inventory

2,555 Affordable Housing Units* < 2% are Homeownership Units

slide-12
SLIDE 12

AUSTIN STREET

  • Ownership Not Rental
slide-13
SLIDE 13

AUSTIN STREET

  • 79 Condominium Units, 30% Affordable
slide-14
SLIDE 14

AUSTIN STREET

  • Ownership Not Rental
slide-15
SLIDE 15

AUSTIN STREET

  • Ownership at every income level
  • Reference Librarian

911 Operator School Nurse Senior/Retiree

  • Guidance Councilor

Speech Pathologist Special Ed. Teacher Senior/Retiree

  • Price varies with unit size.

Based on sample 2012 City of Newton employee salaries.

slide-16
SLIDE 16

AUSTIN STREET

  • Assistant Librarian

$47,000 Annual Income One Bedroom Unit

  • B'nai B'rith Plan
  • Alternative Plan

Owner Renter

  • Monthly Housing Expense

$1,012 $1,213

  • Assets After 5 Years
  • Federal Tax Benefits $8000
  • Owner’s Equity

$14,000

  • Total Cash Benefit of Ownership After 5 Years

$22,000

slide-17
SLIDE 17

AUSTIN STREET

  • 6750 Sq. ft. of Retail/Commercial
slide-18
SLIDE 18

AUSTIN STREET

  • Brick Courtyard Dining
slide-19
SLIDE 19

AUSTIN STREET

  • Open Space Plan
slide-20
SLIDE 20

AUSTIN STREET

  • Open Space Plan
slide-21
SLIDE 21

AUSTIN STREET

  • Green Walkways
slide-22
SLIDE 22

AUSTIN STREET

  • Sustainability

Electric car charging Bike racks for the public Dedicated bike room for residents Energy Star appliances and efficient systems Solar panels on roof

slide-23
SLIDE 23

AUSTIN STREET

  • Easy Access to Parking
slide-24
SLIDE 24

AUSTIN STREET

  • Easy Access to Parking
slide-25
SLIDE 25

AUSTIN STREET

  • Architect:

Community Liaison: Landscape Architect/Civil Engineer: Traffic Consultant: Parking Consultant: Neighborhood Partners:

slide-26
SLIDE 26

AUSTIN STREET

  • Summary Sheet

79 Condominium Units

30% Affordable 1bedroom, 1 bedroom + den, 2 bedroom units

  • 202 Parking Spaces

93 sidewalk level parking spaces for public use 99 under ground parking spaces for condo resident use

6,750 sf of retail / commercial / restaurant space 28,735 sf of open space – the most of any proposal Green features

Photovoltaics for solar power on the roof Bike racks and bike storage Other features

slide-27
SLIDE 27

B’NAI B’RITH HOUSING Newton’s Proven Nonprofit Developer Community-Focused • Entrepreneurial • Trusted

AUSTIN STREET