250 Gull Pond Road, Wellfleet

250 Gull Pond Rd, Wellfleet, MA 02667, USA

Wait List Open

Property Description

OCCUPANCY COMPLETE JANUARY 2018


Gull Pond Road Wellfleet Rental Housing is a small, six-unit rental development in Wellfleet, MA. The site is a high elevation, wooded site located adjacent to other residential neighborhoods, close to the downtown area, the elementary school and the community healthcare facility, and within easy reach of Route 6. It is in close proximity to the recreational opportunities, wonderful ponds, and ocean beaches of the Cape Cod National Seashore.


The 6 dwellings are designed to reflect the scale of residential buildings in Wellfleet and to respond to the topography of this sloped wooded site. The development will has 3 two-bedroom homes and 3 one-bedroom homes to serve the affordable housing needs of the year-round population.

Construction began in December 2016 and occupancy was complete in January 2018.


TOTAL PUBLIC SUBSIDY


Town of Wellfleet Land Contribution (Value Estimate): $250,000

Community Development Block Grant (Small Cities Reserves) Award

to Town of Wellfleet for Infrastructure Improvements: $329,306

Town of Wellfleet Community Preservation Act Funds: $144,112

Town of Wellfleet Affordable Housing Trust Funds: $228,000

Barnstable County HOME Consortium: $200,000

MA Department of Housing and Community Development

Massachusetts Housing Stabilization Loan Fund: $200,000

Massachusetts Affordable Housing Trust Fund: $100,000


CONSTRUCTION FINANCING

Life Initiative: $550,000


PERMANENT FINANCING

Massachusetts Housing Partnership Fund: $640,000


PROPOERTY MANAGEMENT

The Community Builders

Property Location

250 Gull Pond Rd, Wellfleet, MA 02667, USA