Malden is the lead or "representative" community of an eight-community jurisdiction known as the North Suburban Consortium (NSC). The NSC is comprised of the contiguous communities of Malden, Medford, Arlington, Melrose, Chelsea, Everett, Revere and Winthrop that have signed a cooperative agreement in order to gain access to U.S. Department of Housing & Urban Development (HUD) HOME Program funds. The annual Federal block grant which funds the NSC HOME Program is dedicated to the rehabilitation, creation and preservation of affordable housing.
Since 1991, the Malden Redevelopment Authority (MRA) has carried out lead community responsibilities. The MRA administers affordable housing programs for the NSC and actively seeks affordable housing opportunities in NSC member communities that can be partnered with NSC HOME funds.
The HOME program goals for the North Suburban Consortium are established every five years as part of a strategic plan called the Consolidated Plan. Citizen input is guided by the Citizen Participation Plan for Malden and the North Suburban Consortium, plus the Citizen Participation Plans for CDBG Entitlement communities of Arlington, Medford, and Revere. The annual HOME budget is developed as part of the Malden Annual Action Plan (AAP) with input from representatives of the other seven Consortium communities.
First Time Home Buyer Down Payment Assistance Loans (through the NSC)
The NSC utilizes federal HUD HOME funds to offer First Time Home Buyer (FTHB) Down Payment Assistance Loans to income-eligible applicants purchasing a condominium, townhome or single-family property in one of the eight NSC member communities. For further information about this program, please call the respective NSC Member Community Representative or call 781-324-5720 x 5729 or x 5730.
HOME Loans to Develop Affordable Housing (through the NSC)
The NSC utilizes federal HUD HOME funds to assist developers in the creation of low and moderate income housing. These funds are available to developers for both rental and homeownership projects in any of the eight NSC member communities. For further information about this program, please call HOME Program Director at 781-324-5720 x 5729.
Homeowner Rehab Loans (through the NSC)
The NSC utilizes federal HUD HOME funds to offer loans to income-eligible homeowners to correct health and safety issues (owner occupied single family home, condominium or townhome) in the eight NSC member communities. Homeowner Rehab Loan Fact Sheet Checklist and Application (4-2018). For further information about this program, please call the respective NSC Member Community Representative.
Malden Redevelopment Authority Recipient of 2016 Audrey Nelson Community Achievement Award