Housing Assistance Corporation Blog

Applications Available for High Meadows Townhomes in Bourne

Posted by Chris Kazarian on Fri, Jul 13, 2018 @ 09:34 AM
High Meadow-1High Meadows Townhomes represents the third and final phase of a 117-unit affordable housing project in Bourne that includes Canal Bluffs and Clay Pond Cove. 

Last year at this time, HAC and the Preservation Of Affordable Housing (POAH) took part in a groundbreaking ceremony to kick off the construction of 44 affordable townhouse apartments the two nonprofits are building in Bourne as part of High Meadows Townhomes.

Now, HAC is accepting applications for those 2- and 3-bedroom apartments which will go to those in three separate income categories: those earning 30 percent of the Area Median Income (AMI) for Barnstable County ($20,700 for a 2-person household; $23,300 for a 3-person household); those earning 60% AMI ($41,400 for a 2-person household; $46,560 for a 3-person household); and those earning 75% AMI ($51,750 for a 2-person household; $58,200 for a 3-person household).

Applications are currently available online by clicking this link as well as at HAC’s office at 460 West Main Street in Hyannis; Bourne Town Hall at 24 Perry Avenue in Buzzards Bay; Jonathan Bourne Public Library at 19 Sandwich Road in Bourne; and Clay Pond Cove at 101 Harmony Hill Road in Bourne.

HAC’s Cape Community Real Estate department will be conducting the lottery for those units and has already witnessed a high demand for people seeking to live there. “They are brand new, have air conditioning, are going to have very low utility costs, and have plenty of parking,” said Gael Kelleher, HAC’s real estate director. “This is really a beautiful project.”

She encouraged residents to “get your application in as early as possible and include all of the documentation that is required.”

For those who may be unsure about their eligibility, she said, “when in doubt, apply.” Applications must be received by 5 pm on Wednesday, August 15.

Kelleher anticipated that the lottery to create the list of eligible tenants will be done at some point in September, depending on the number of applications received. POAH will oversee the tenant selection process.

Apartments should be occupied at some point in the fall, Kelleher said.

Those with questions about the application or lottery process should contact Gael Kelleher at either ccre@haconcapecod.org or 508-771-5400, ext. 284. Click this link for more information or to download a lottery application.

Tags: Affordable Housing on Cape Cod, year round rentals, Affordable Development on Cape Cod, Affordable Housing Development on Cape Cod, Gael Kelleher, Cape Community Real Estate, affordable housing, Canal Bluffs, POAH, rental housing, Preservation Of Affordable Housing, High Meadows Townhomes

Editorial: A Need for Rental Housing

Posted by Alisa Galazzi on Tue, Jul 03, 2018 @ 03:37 PM

 

House For Rent Photo-1

We’re all concerned about maintaining the vibrancy of our local community and economy. The lack of year-round rentals in the region is having a dire effect on the Cape and Islands, an issue reinforced by the Cape Cod Commission’s recent Regional Housing Market Analysis. The problem is only going to get worse. By 2025, the report forecasts the Cape’s housing unit gap will be more than 33,000 homes.

“Cape Cod’s housing supply is heavily skewed towards single family homeownership, resulting in a historically narrow supply of rental housing in our market,” said Cape Cod Commission Affordable Housing Specialist Heather Harper. “Nationally, 30% of the housing is supplied by the rental market. On Cape Cod, we are below the national average with less than 20% of stock provided as rentals.”

Many in our region are working on this problem. At HAC, we are developing rental units; promoting accessory apartments as a zoning change; and holding workshops at our Cape Housing Institute and Advocacy Training with our partner Community Development Partnership.

Another solution is to convert seasonal rentals to year-round use. According to the commission, roughly 58,500 of the Cape’s nearly 160,000 homes are used seasonally. If we can convert some these to year-round use, it will be a step forward to solving the Cape’s lack of rentals.

Unfortunately, this won’t be easy. Realtor Margo Pisacano, owner of Margo & Company, said today’s real estate market is encouraging landlords to sell rather than rent when leases terminate, only serving to exacerbate the problem.

Pisacano has been in the real estate industry since 1992 on Cape Cod, calling recent years “the worst housing shortage I have seen.”

HAC Can Help

Addressing the Cape’s lack of rentals is so important that we at HAC are willing to walk homeowners and investors through the process of converting a seasonal rental into an affordable unit.

We are not naïve about this multi-faceted problem. It is complicated by our seasonal economy and low wages which negatively affect the ability of Cape Codders to afford a rental. Additionally, wealth earned off-Cape allows people to pay exorbitant prices to buy houses on Cape which artificially raises the cost to both purchase a home and rent one.

High prices are forcing our year-rounder workforce out of the market and will eventually force them off Cape Cod. This will have a negative impact on employers. As Matthew Cole, CEO of Cape Associates, said, “the available pool of workers suffers as a result of a lack of housing.”

Using our existing inventory for more year-round rentals makes financial sense for the community, for property owners, for businesses, and the local economy. There is a perception that short-term rentals are more lucrative, but our research shows this is not the case. If you are interested in renting your property to a year-round renter, call me today at 508-771-5400 ext. 225 and we can help you get started.

Tags: year round rentals, Affordable Housing Development on Cape Cod, affordable housing, rental housing, Housing Development, Cape Cod Commission, Heather Harper, Cape Associates

Year Round Rentals Needed on Cape Cod

Posted by Chris Kazarian on Mon, Jun 08, 2015 @ 02:18 PM

Do you have a rental property that is vacant, or will be in the near future? Did you know HAC provides a free rental listing service?

Available rentals are posted to our website, free of charge, at a property owner’s request. The listing can be downloaded by prospective tenants who will contact you directly. Click this link to learn more about the rental property listings. 

There is a serious lack of year-round rentals right now! If you have any availability, please contact Liz Belcher at lbelcher@HAConCapeCod.org or call 508-771-5400, ext. 210.

Tags: housing, year round rentals, affordable housing