Congratulations to the Women's Institute for Housing & Economic Development (Terrapin Ridge, Sandwich) and Commonwealth Community Developers (Residences at Yarmouth Gardens) who received funding under the 2019 Affordable Rental Housing Awards.
Coastal Engineering is proud to be providing site engineering for these housing developments, working in partnership with a wonderful team of local professionals including Brown Lindquist Fenuccio & Raber Architects and Winslow Architects. We're excited to see these two projects move forward to support much needed affordable housing on Cape Cod.
Terrapin Ridge (Sandwich) is a new construction housing project for families. The Women’s Institute is the non-profit sponsor. DHCD will support the project with LIHTC and subsidy funds. The Town of Sandwich will support the project with $1.4 million in Community Preservation Act funds. When completed, Terrapin Ridge will offer 30 new rental units. All units will be restricted for households earning less than 60% of AMI, with 14 units further restricted for extremely low-income households earning less than 30% of AMI.
Residences at Yarmouth Gardens (Yarmouth) is a new construction project for families. The sponsor is Commonwealth Community Developers, LLC. DHCD will support the project with federal and state LIHTC and subsidy funds, and the Town of Yarmouth will provide $1.2 million in Community Preservation Act funds. When completed, the Residences at Yarmouth Gardens will offer 40 new rental units. All units will be affordable to households earning less than 60% of AMI, with eight units further restricted for households earning less than 30% of AMI.
The full list of the projects granted the state funding is available at https://bostonrealestatetimes.com/baker-polito-administration-advances-production-and-preservation-of-1500-housing-units-across-commonwealth/