In December, then-Governor Charlie Baker announced $93.4 million in direct funding and $33 million in state and federal housing tax credits to support the development of 790 housing units across 14 projects.
Among the projects is Cape View Way, a new construction project in Bourne, co-sponsored by Housing Assistance and Preservation of Affordable Housing. The Mass. Department of Housing and Community Development (DHCD) will support the project, permitted through Chapter 40B, with federal and state low-income housing tax credits and subsidy funds, including funds from the American Rescue Plan Act (ARPA). The Cape Cod Consortium also is expected to provide additional local funding for the project.
Designed to Passive House energy-efficiency standards, the completed Cape View Way project will offer 42 total units. All units will be affordable to households earning less than 60% of area median income (AMI), with 16 units further restricted for households earning less than 30% of AMI, and in some cases, people transitioning from homelessness.
“Our administration has made it a priority to create adequate housing to support our economy and families since day one,” said Baker. “We have
been proud to make record investments to build and preserve tens of thousands of housing units as well as champion zoning reforms in partnership with local leaders to better position cities and towns to advance housing in their communities.”
Then-Lt. Gov. Karen Polito said community input stressed the urgent need for the funding. “Whether it’s seniors looking to downsize or young couples looking for their first home, in our travels across the Commonwealth we heard from countless residents and local leaders describing the need for more – and more affordable – housing options in their communities,” she said. “Through various state programs and through the creation of the Community One Stop for Growth single application portal, we have made it easier for communities to access state programs that would allow them to invest in housing.”