One of my priorities when I came on board at Housing Assistance Corporation last January was to review the agency’s real estate holdings and evaluate their financial viability. This evaluation, coupled with a needs assessment, will lay the foundation for HAC’s long-term housing production strategy and future planning efforts.
Over our 40 years on Cape Cod, Housing Assistance Corporation has developed 500 units of affordable housing. We have partnered with the nonprofit POAH (Preservation of Affordable Housing) on several recent projects, including the award-winning Melpet Farms rental housing complex in Dennis; Canal Bluffs 3 in Bourne, which is currently under construction; and Brewster Woods in Brewster, which is in pre-development.
HAC also owns well-regarded affordable housing rental developments, Kimber Woods and Lombard Farms, both in West Barnstable, as well as Southside Village in Hyannis.
|The Residences at Melpet Farms in Dennis, completed in 2015.|
We also own a 40-acre site in Sandwich with one home on it, as well as three family shelters and a few apartment complexes, condominiums, duplexes and a single-family home.
Over the next year, we will have completed an evaluation of all of our assets and we will be ready to implement new initiatives.
One new idea our Housing Development Department is pursuing is the development of multi-family housing in “pocket” neighborhoods on appropriate sites that could support up to 10 one- and two-bedroom units. These small developments will replicate old-style neighborhoods with homes surrounding a community green.
Here at Housing Assistance Corporation, we want to continue to be a part of the solution to the shortage of housing in the region while continuing to help our most vulnerable residents. We will continue to explore different ways to fulfill our mission. On behalf of our clients—more than 5,300 last year on Cape Cod, Martha’s Vineyard and Nantucket—thank you so much for your support of Housing Assistance Corporation during the holidays and all year-round.