Housing Assistance Corporation Blog

Funding Support Grows for Yarmouth Housing Project

Posted by Julie Wake on Mon, Sep 17, 2012 @ 12:29 PM

The Yarmouth affordable Housing Trust awarded $190,000 to a new HAC project in West Yarmouth. Additionally, the Yarmouth board of selectmen approved the use of $625,000 in town Community Preservation Committee funding for the project; the CPC funding will go before the fall special town meeting for final approval. The 25-rental-unit Great Island project on Route 28 will include 17 one-bedroom apartments and eight two-bedroom apartments.

HAC is working with developers Kieran and Joan Healy on the Yarmouth apartments, which will be funded in part through the Mass. Department of Housing and Community Development’s Low Income Housing Tax Credit Program. Kieran Healy designed the complex and secured permitting. HAC will secure state and federal funding and eventually take over ownership of the property and manage tenant selection.

HAC is one of the largest developers of affordable housing for rent and purchase in our region. HAC has built over 400 homes and apartments for rent or purchase on Cape Cod, adding to the housing supply for families, seniors, veterans and the disabled. Projects completed in recent years include Kimber Woods, located in the village of West Barnstable, completed in 2009 (28 family rental units); Lombard Farm, West Barnstable, 2009 (12 senior rental units); Brush Hill, Yarmouth, 2009 (6 special-needs rental units); and Homesteads, Sandwich, 2008 (16 units of affordable home ownerships).

HAC has more than 200 affordable units that will be constructed in the next few years, including those in Sandwich (62 mixed rental units), Mashpee (10 family rental units), Barnstable (8 rental units for veterans and 40 mixed rental units), Yarmouth (25 mixed rental units), Dennis (27 family rental units) and Nantucket (40 homeownership units).

Tags: housing assistance corporation, Affordable Development on Cape Cod