44 New Affordable Housing Units Built In Bourne

Bourne, which has the largest percentage of affordable housing units compared to market-rate homes of any town on the Upper Cape, recently celebrated the construction of another 44 affordable units.

The latest additions are townhouse units in the development known as High Meadow Townhomes in Monument Beach. It is the third and final piece of a development roughly 10 years in the making.

The High Meadow Townhomes development is just off Clay Pond Road. It consists of 44 two- and three-bedroom townhouses for families and seniors. It is one-third of the development that started with the Residences at Canal Bluffs, 28 affordable apartments that opened in 2009. That was followed by Clay Pond Cove, 45 individual, family and senior affordable apartments which opened in 2012.

With the addition of High Meadow Townhomes, Bourne now has 641 units in its inventory of affordable homes. Town Planner Coreen V. Moore said that brings Bourne’s total affordable homes percentage to 7.4. The state has set a goal of 10 percent for Massachusetts cities and towns. Bourne has the highest percentage of affordable units on the Upper Cape and is third behind Orleans and Barnstable across the Cape, she said.

Local and state officials took part in a grand opening, ribbon-cutting ceremony at the development on October 5. Among the attendees were US Congressman William R. Keating (D-MA 9th District), state Senator Viriato M. (Vinny) deMacedo (R-Plymouth), and state Representative Randy Hunt (R-Sandwich).

“There is nothing more important than being able to provide someone with a roof over their head and a safe and a warm place to go that is affordable,” Senator deMacedo said.

Congressman Keating noted the great need on Cape Cod for affordable housing, particularly for younger people who are getting started on their careers.

“There’s a great need for people who fill out a whole demographic pool—younger people, people who are starting families, people that we need to meet the job needs we have in this area and grow our economy forward,” he said.

Groundbreaking on High Meadow Townhomes occurred in July of last year and culminated with the ribbon-cutting ceremony on October 5. The three-phased project was a collaborative effort between Housing Assistance Corporation (HAC) and Preservation of Affordable Housing (POAH).

HAC reported it received more than 200 applications for the 44 units at High Meadow last summer. Tenants are expected to begin moving into their townhomes next month, HAC officials said.

JANEY, Inc. of Boston served as the general contractor for the $14.1 million project. Funding was provided with $7.6 million in low-income housing tax credit from Boston Capital, as well as a $3.3 million loan from MassHousing. Additional funding was provided by Community Economic Development Assistance Corporation (CEDAC), the Department of Housing and Community Development (DHCD), Barnstable County HOME Consortium, Rockland Trust, and MassHousing’s Opportunity Fund.

The Canal Bluffs site was, at one time, slated to be home to a computer technology company, which ultimately decided not to develop the property. Businessman William Zammer of Mashpee bought the land and eventually sold the 19 acres to HAC to develop as rental housing. HAC then partnered with POAH on the project.

The new units have been equipped with EPA-approved Energy Star appliances, including a refrigerator, oven and dishwasher. Each unit has vinyl plank flooring, ample closet space, central air conditioning, and washer/dryer hook-ups. The site also features laundry facilities, out-of-unit storage, and 64 parking spaces, which comes to approximately 1.5 spaces per unit.

During construction of Clay Pond Cove, a wastewater treatment plant was built. It serves all three buildings as well as the abutting retail shopping center, which once housed Grand Union supermarket.

SourceThe Bourne Enterprise

Ribbon Cutting Celebrates Completion of Mixed-Housing Development in Bourne

Congressman Bill Keating (D-MA 9^th District) joined local elected officials in Bourne on Friday morning to celebrate the completion of High Meadow Townhomes with a ribbon cutting ceremony.

The apartment homes mark the end of the third and final phase of a mixed-income residential development for the town containing 117 affordable, workforce and market rate apartments.

Keating began his remarks by speaking about how workers had to clear the high density of heavy boulders that previously took up the land the town houses now stand on.

“This is a day to look back, remember the boulders that were there, and remember that we together moved those boulders and created something that will unite us all and bring us closer together,” said Keating. “If we’re going to go forward and try to do everything at the local level, and the state level, and use the resources at the federal level, as well as have non-profits here regionally all working together, municipal leaders all working together, we can take those boulders that look like great challenges. Working together we can move them and move forward for progress to create what’s here now.”

The project’s third phase was made possible by $7.6 million in 9-percent low-income housing tax credit equity from Boston Capital and a mortgage from MassHousing.

“We love this community. It’s a community where my wife Tevis and myself, we live here, we’re neighbors. This is going to make this community stronger and it’s going to make the Cape stronger because there’s a bigger need,” Keating stated. “These 44 town houses and the 117 homes and residences that will be here for people will be a success story that will drive not only drive a more successful Bourne community, but something we need on Cape Cod as well. As we all know, there’s a great need in our region for housing.”

Residents of the first two phases also turned out for the ceremony alongside project supporters and funders. Current Canal Bluffs resident and High Meadow Townhomes lottery applicant Melissa Harris delivered a speech at the event.

Fifth Barnstable State Representative Randy Hunt also spoke at the ribbon cutting, and explained the ever-growing need for housing on Cape Cod.

“We could do this project ten times over in next year on Cape Cod and it would not satisfy the demand that’s here. So, what I’m hoping for is that we can accelerate this some because there is such a huge need,” said Hunt. “We get the fact that it takes a lot of people to make these things happen. We also get the fact that it’s super important that we have housing available on Cape Cod that’s affordable, not only affordable from a traditional sense but also in workforce housing. Some of the units here are going to be rented out in accordance to those rules.”

Other notable speakers included State Senator Vincent deMacedo, State Representative Randy Hunt, Housing Assistance Corporation CEO Alisa Galazzi, Assistant Undersecretary of the Massachusetts Department of Housing and Community Development Susan Terrey, and Director of Housing Development at Community Economic Development Assistance Corporation, Sara Barcan.

SourceCapeCod.com

Completion of High Meadow Townhomes Adds 44 Units of Mixed-Income Housing in Bourne

In July 2017, Congressman William R. Keating (D-MA 9th) joined local and state officials and affordable housing supporters for a groundbreaking ceremony to kick-off the third and final phase of a mixed-income housing project that has brought a total of 117 new units to the town of Bourne in less than a decade.

A little more than a year later, the Congressman returned to Bourne to celebrate the completion of that project, High Meadow Townhomes, a newly-constructed 44-unit building that is a blend of two- and three-bedroom townhomes for families and seniors in a residential community off MacArthur Boulevard.

“These residences will be a success story that will drive not only a more successful Bourne community, but something we need on Cape Cod as well, said Congressman William Keating (D-MA). “There is a great need in our region for housing – for younger people, people who are starting families, [workers] who are needed to fill the jobs in this area and grow our economy forward.”

High Meadow Townhomes represents the final installment of a development that started with the Residences at Canal Bluffs, consisting of 28 affordable apartments completed in 2009, and Clay Pond Cove, consisting of 45 individual, family and senior affordable apartments completed in 2012.

The demand for this type of housing was witnessed this summer when HAC received more than 200 applications for the 44 units at High Meadow. It is expected that tenants will begin moving into their townhomes later this month.

“The completion of High Meadow Townhomes is vitally important to meeting the need for more rental housing on Cape Cod,” said HAC CEO Alisa Galazzi. “With over 200 people applying for these townhomes, it’s apparent there’s a huge demand for this type of housing. I’m proud that our agency was able to partner with POAH to help address this critical need to make a meaningful impact in the lives of these 44 families.”

“This development is the perfect example of what great things can happen when federal and state resources are combined with local support and private investments to create not just buildings, but a real housing community,” said POAH President and CEO Aaron Gornstein.

Long before the project began, the site was intended to be used as an office building for a dot com company that decided not to develop the parcel. Businessman William Zammer of Mashpee purchased the property, eventually agreeing to sell the 19 acres of land to HAC to develop as rental housing.

HAC partnered with POAH to create the phased-in housing to help Bourne address the shortage of rental housing in its community.

The two nonprofits took a thoughtful approach to the environmentally-sensitive nature of the site which is in close proximity to the Phinneys Harbor watershed. During the second phase construction of Clay Pond Cove, a wastewater treatment plant was built that serves all three buildings as well as the abutting retail shopping center which once housed Grand Union supermarket.

POAH Communities, which oversees the management of the Residences at Canal Bluffs and Clay Pond Cove, will serve in a similar capacity for High Meadow Townhomes.

Project Description

JANEY, Inc. of Boston served as the general contractor for the $14.1 million project which was made possible through $7.6 million in 9% low-income housing tax credit from Boston Capital along with a $3.3 million loan from MassHousing and funding from Community Economic Development Assistance Corporation (CEDAC), the Department of Housing and Community Development (DHCD), Barnstable County HOME Consortium, Rockland Trust, and MassHousing’s Opportunity Fund.

High Meadow consists of a mixture of 2- and 3-bedroom townhomes that are equipped with Energy Star appliances including: refrigerator, oven, and dishwasher. All units have vinyl plank flooring, ample closet space, central air conditioning, and washer/dryer hook-ups. The site has 64 outdoor parking spaces (approximately 1.5 per unit), on-site laundry, and out-of-unit storage.

SourcePOAH

Ludlow Mill Redeveloped As 75-Unit Mixed-Income Complex

A $19.3 million redevelopment of a 110-year-old historic mill in Ludlow has generated 75 new units of mixed-income senior housing that are already 100 percent leased.

The Residences at Mill 10 contains 63 one-bedroom and 12 two-bedroom apartments for residents ages 55 and older. The complex includes 51 units restricted to households with incomes at or below 60 percent of the area median income (AMI) and 15 set aside for households at or below 30 percent AMI.

Boston-based WinnDevelopment led the project at the 108,163-square-foot building, which is listed on the National Historic Register.

“People began asking to be put on the waiting list for apartments in Mill 10 almost as soon as we began construction, so there is no doubt that the desire for quality housing for seniors in this region is strong,” Larry Curtis, president and managing partner of WinnDevelopment, said in a statement.

The 170-acre former mill complex, formerly the home of the Ludlow Manufacturing and Sales Co., includes more than 60 buildings once used to manufacture rope and twine.

Financing for the project included state and and federal low-income housing tax credits; funding from the housing stabilization fund and HOME fund of the Massachusetts Executive Office of Housing and Community Development; state and federal historic tax credits; tax credit equity from Bank of America; a loan from the Boston Community Loan Fund; money from the Affordable Housing Trust Fund managed by MassHousing; a loan from the town of Ludlow; Facilities Consolidation Fund proceeds from the Community Economic Development Assistance Corporation; a first mortgage from Massachusetts Housing Partnership; project-based subsidies from the U.S. Department of Housing & Urban Development (HUD); and owner equity in the form of a deferred developer fee.

BofA provided construction financing. Quincy-based Dellbrook Construction served as general contractor and The Architectural Team of Chelsea was the architect.

WinnDevelopment also has secured the rights to develop housing at Mill 8, known as the Clock Tower building.

The property is owned by nonprofit Westmass Area Development Corp.

Ludlow Mill Redeveloped As 75-Unit Mixed-Income Complex

SourceBanker & Tradesman

Boston housing development honored for affordable and workforce housing from Urban Land Institute

Mayor Martin J. Walsh today announced that the Mosaic on the Riverway, a mixed-income 145-unit residential building, has been awarded the Urban Land Institute (ULI) Terwilliger Center for Housing’s 2017 Jack Kemp Excellence in Affordable and Workforce Housing Award. The annual award, which honors developments that ensure housing affordability for people in a broad range of incomes, is provided to developments in which all or a portion of the units are affordable to households earning up to 120 percent of the area median income (AMI). Mosaic on the Riverway is located at 80 Fenwood Road, on the corner of Brookline Avenue and the Riverway.

Mosaic on the Riverway is the result of a joint venture between the City of Boston, Brigham and Women’s Hospital/Partner’s Healthcare (BWH) and The Roxbury Tenants of Harvard (RTH) to provide mixed-income housing, community space and child care on a two-acre site that is within close proximity to jobs, transit and open space. This project was made possible by a more than $6 million investment by the City of Boston, including nearly $2 million in housing linkage funds created by Brigham Building for the Future, nearly $3 million provided by the Department of Neighborhood Development (DND) and $1 million from the Neighborhood Housing Trust. Total development cost was more than $63 million.The site was obtained by the partnership through a ground lease from the Commonwealth of Massachusetts.

“Mosaic on Riverway was a critical project to create new affordable housing for our residents, and I thank the Urban Land Institute for recognizing our work on this project,” said Mayor Walsh. “We will continue to work every day to lift up every neighborhood in Boston by making sure all residents and their families have accessible and affordable housing options.”

Mosaic on the Riverway includes 145 new units of housing, with 60 of the units affordable to those earning less than 60 percent of Area Median Income (AMI), and 43 new home ownership condominiums for residents earning 60 to 120 percent of AMI. The new building also addresses a childcare shortage in the Mission Hill area by creating a 9,000-square foot early childhood education center located on the ground floor that serves 90 children and is operated by the YMCA of Boston.

The Boston Planning & Development Agency (BPDA) informed the planning context and design for the development with the Commonwealth of Massachusetts and facilitated the development review and housing linkage funds for the project. As part of it’s funding, DND coordinated development financial underwriting, development and design review and construction and permanent loan closings.

The building meets LEED Silver, Energy Star, and Enterprise Green Community standards. Pedestrian enhancements created pathways and sitting areas and a play space in Mission Hill. This project revitalizes a portion of the Mission Hill community, bringing the entire site back to productive use.

ULI established the Jack Kemp Excellence in Affordable and Workforce Housing Award in 2008, naming the award in memory of Jack Kemp, former secretary of the U.S. Department of Housing and Urban Development and ULI Terwilliger Center national advisory board member. The award is given annually to affordable and workforce housing developments that represent outstanding achievements in several areas, including affordability, innovative financing and building technologies, proximity to employment centers and transportation hubs, quality of design, involvement of public/private partnerships, and replicability of the development, among other criteria.

“One of the goals in establishing the ULI Kemp Award program was to show the critical role that housing plays in achieving economic prosperity and a high quality of life, both for individuals and communities,” said J. Ronald Terwilliger, chairman of the ULI Terwilliger Center for Housing and a former ULI chairman. “If a family is constantly worried about housing, then being healthy, getting educated, and staying employed is never much of an option. A family with a stable housing situation is a family with a chance. Housing is the foundation from which everything else takes root.”

“Mixed-income housing is a good business and good for communities,” said Stockton Williams, ULI executive vice president for content and executive director of the ULI Terwilliger Center for Housing. “These award-winning developments reflect the innovation and leadership that have characterized the ULI Kemp Award since its inception.”

“As an organization committed to providing quality housing and services in the the Mission Hill community, we are thrilled to be able to work with our partners to build Mosaic which has provided much needed affordable homeownership and rental opportunities,” said Karen Gately, Executive Director of The Roxbury Tenants of Harvard.

A video of the awards ceremony can be found here.

By the year 2030, Boston will reach more than 700,000 residents, a number the City has not seen since the 1950s. Housing a Changing City: Boston 2030 is the Walsh Administration’s comprehensive housing plan to reach 53,000 new units of housing at a variety of income levels across the City.

About the ULI Terwilliger Center for Housing
The ULI Terwilliger Center for Housing conducts research, performs analysis, provides expert advice, and develops best practice recommendations that reflect the residential land use and development priorities of ULI members in all residential product types, with special attention to workforce and affordable housing. The center was established in 2007 with a gift from longtime ULI member and former ULI chairman J. Ronald Terwilliger.

About the Urban Land Institute
The Urban Land Institute is a nonprofit education and research institute supported by its members. Its mission is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. Established in 1936, the institute has more than 40,000 members worldwide representing all aspects of land use and development disciplines. For more information, visit uli.org or follow us onTwitter, Facebook, LinkedIn, and Instagram.

http://www.bostonplans.org/news-calendar/news-updates/2017/10/4/boston-housing-development-honored-for-affordable?utm_source=BPDA+Blog&utm_campaign=429f37b643-BPDA_Blog_10_6_2017&utm_medium=email&utm_term=0_f1dd6a69b7-429f37b643-175052205

SourceBoston Planning & Development Agency

The Deal Sheet

Yesterday, The Community Builders broke ground on the affordable $27M, 94-unit Worcester Loomworks (they are hoping to channel Rumpelstiltskin and weave some gold out of that loom), which will expand its portfolio in this city to 733 rental units, says CEO Bart Mitchell.
Yesterday, The Community Builders broke ground on the affordable $27M, 94-unit Worcester Loomworks (they are hoping to channel Rumpelstiltskin and weave some gold out of that loom), which will expand its portfolio in this city to 733 rental units, says CEO Bart Mitchell.
The Loomworks, the adaptive re-use of a former mill at 93 Grand St, sits near Clark University where residents who satisfy admission requirements can attend college tuition-free. TCB has another 903 units under construction in 10 developments and 40 more projects in the pipeline. In Boston, it’s renovating 146 units in the South End and completing construction on 20 townhouses at the $200M Charlesview’s Brighton Mills. Marketing just started and already 1,034 households have applied for the homes selling for about $150k under market price, Bart says.
***
On Friday, TCB started permitting to build the $10M Clarion, 40 apartments and 5k SF of first-floor retail space, on a city-owned one-acre site at 311 Blue Hill Ave. If all goes well, it expects to break ground next year on the vacant parcel now owned by the city’s Department of Neighborhood Development. 27 apartments will be affordable

SourceReal Esate Bisnow