February
25
2010
WALTHAM --- The Community Preservation Committee (CPC) recently approved $400,000 to supplement development costs on the renovation of an old factory building into affordable housing. The developers, Waltham Alliance to Create Housing (WATCH), plan on converting the former Beacon Valve factory at 2 Jackson Street into six, two-bedroom rental units, all affordable to residents earning below 60 percent of the area median income (AMI). The project still needs to receive state approval as well as approval from the local zoning board.