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The Newton Housing Initiative, approved by City Council in 2014, provided incentives to home builders, real estate developers, property owners, and homebuyers to expand the quantity and, perhaps more importantly, the quality of our available housing inventory.
A major goal of the initiative is to create momentum for housing development within the community; to develop and ensure a stable and growing population in the community by having housing readily available.
For single-family homes beginning construction in the City of Newton through 2023 (as long as funding is available) the following incentive will be offered:
*updated on August 3, 2021 by City Council
Please note: The home values that qualify for incentives DO NOT include land value.
Subject to the following rules: