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Formation WATCH was formally created at the first Annual Meeting on October 22, 1988 at the First Congregational Church in Waltham, when local residents paid membership dues and agreed to the goals of the organization. The action of many individuals led to that day. A subcommittee of the Waltham Concerned Citizens peace and justice organization began focusing on Waltham’s affordable housing and neighborhood deterioration. Speculation and mass evictions were devastating the Charles and Myrtle Street areas, and arson seemed to be rampant in the city. Members of this subcommittee met with the local group TUFFH (Tenants United for Fair Housing) and conducted research on how to create a community development corporation or CDC. Another key influence was the early members' desire to preserve and promote diversity in Waltham. In an editorial submitted to the News Tribune, Board members write, "…there is much work to be done to develop a city proud of its diversity and interested in collaborating across cultural boundaries. If you'd like to help break through these barriers, please join WATCH. We are working daily to build the cross-cultural ties essential to achieve our mission of empowering low income residents of Waltham." Early Actions By the summer of 1989, WATCH was well into its Community Reinvestment Act (CRA) project. After conducting extensive research, WATCH members found that local Sterling Bank’s performance did not meet CRA requirements to invest in the community in which the bank was located. WATCH filed a CRA challenge to the merger of Sterling Bank and Lexington Savings Bank. As a result, the FDIC (Federal Deposit Insurance Corporation) required Sterling Bank to act in ways in order to meet its CRA obligations. The FDIC ruling validated WATCH’s concerns and lead to greater involvement by local banks to invest in local communities. A major effort in the early 1990's involved a campaign over the Riverfront Overlay District, a zoning proposal designed to encourage the redevelopment of Waltham's downtown area along the Charles River. WATCH was concerned that the district would only further fuel speculation and displace local residents. Over sixty WATCH members and supporters attended the public hearing regarding the Riverfront Overlay District. WATCH introduced five amendments to ensure that affordable housing was a component of the District, including a suggestion for the city to create an inclusionary zoning law to promote more affordable housing development in the area, and WATCH’s efforts paid off! In 1991 the City Council passed an Inclusionary Zoning Ordinance, requiring affordable housing to be included when new housing was built. Also in the mid to late 1990’s WATCH also began providing numerous services to Waltham's low-income community including:
Learn about WATCH’s more recent affordable housing development and community organizing work over the years on those issue pages on the website! |


