If you travel over the Sagamore Bridge heading toward Boston, take a look to the right. You can see that construction is underway on a new affordable housing development that will serve low- income households on Cape Cod, including individuals who are disabled.
The three-story Cape View Way development is a partnership between Housing Assistance and Boston-based Preservation of Affordable Housing (POAH) that will offer a mix of nine one-bedroom, 28 two-bedroom and five three-bedroom apartments. Three apartments will be fully handicapped-accessible and a fourth will be accessible to sensory-impaired residents. Twenty-six apartments will be available to residents earning 60% of the area median income (AMI) with 16 units subsidized for residents at 30% of AMI.
Cape View Way will create 42 affordable apartments, including four handicapped-accessible units.
“The 42 units at Cape View Way will make a life-changing difference for dozens of Cape Cod families and individuals,” said Housing Assistance CEO Alisa Magnotta. “Cape View Way is an example of how partners can combine their strengths to create safe, stable housing. Working together, we can take steps to address the region’s protracted housing crisis.”
There will be a local preference in the lottery used to select renters for initial occupancy, set to begin next year. Local preference includes current residents of the Town of Bourne, municipal employees, employees of local businesses, or households with children attending the community’s schools.
Cape View Way’s Passive House design is another of Housing Assistance and POAH’s continuing efforts to build energy-efficient and sustainable housing on Cape Cod. A previous collaboration between the agencies, Brewster Woods, a 30-unit development that serves low- and moderate-income households on Cape Cod, was the first multi-family Passive House certified project on Cape Cod.
Last year, the Cape View Way project secured $12 million in financing from Rockland Trust. “We are honored to partner with Cape View Way to help fill the gap for affordable rental opportunities in a vibrant community,” said Kelly Nguyen, Vice President and Commercial Loan Officer at Rockland Trust. “The need for affordable housing opportunities has greatly increased with the growing housing crisis. Cape View Way is addressing that need in a highly desirable location.”
“POAH appreciates our partners’ support for this critical affordable housing on Cape Cod,” said POAH President and CEO Aaron Gornstein. “Public/private partnerships such as this help us create more homes for many who could otherwise not afford to stay on the Cape – especially low-income families and disabled individuals.”
