Developed by Housing Assistance Corp.; scattered site 40B; 2nd loan with MHP
Posted on February 4, 2008
WEST BARNSTABLE --- With a long-term first mortgage loan commitment of $2 million, the Massachusetts Housing Partnership (MHP) is helping the Housing Assistance Corporation of Cape Cod (HAC) create 40 new affordable apartments in West Barnstable.
The effort will be a scattered-site development on two parcels of land. At the first site, 28 family-sized units will be created on four acres of town-owned land. At the second site, 12 units of elderly housing will be created on 6.3 acres of land leased to HAC by the Parker Lombard Trust.
Scattered site 40B
Both sites were permitted through 40B, the state’s ‘anti-snob’ zoning law that allows developers to bypass local zoning laws in communities where less than 10 percent of the housing units are considered affordable.
The 28 apartments that will be constructed at 2239 Iyannough Road in West Barnstable consist of 18 two-bedroom and 10 three-bedroom units. Each of the 12 elderly housing units at 2331 Meetinghouse Way will have one bedroom.
All 40 units will be affordable to households earning 60 percent of the area median income, which in Barnstable is $33,792 for a household of two and $42,240 for a household of four.
HAC will provide support services
In addition, HAC will offer a comprehensive program of support services to eligible residents that will include family self-sufficiency classes, homebuyer counseling, and wheels-to-work transportation assistance.
HAC is a non-profit organization that operates homeless shelters for adults and families, administers rental subsidies, offers education and training and develops new affordable housing.
This is not the first time that MHP has worked with HAC to create affordable housing on the Cape. In 2004, MHP committed nearly $600,000 to help HAC create 14 two- and three-family affordable units in Hyannis. For more on that project, click here.
Altogether since 2004, MHP has committed $9.1 million to help create nearly 150 affordable units throughout Cape Cod.