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
PROPERTY MANAGEMENT
The Community Builders
Property Location
250 Gull Pond Rd, Wellfleet, MA 02667, USA