POAH secured $12.5 million from Rockland Trust to build Cape View Way, a 42-unit affordable housing project in Bourne, MA. Designed for energy efficiency and accessibility, it’ll offer one-, two-, and three-bedroom units, 16 of which will have subsidies for residents earning sixty percent of the area median income.
“Rockland Trust is honored to partner with POAH on Cape View Way to help fill the gap for affordable rental opportunities in a vibrant community,” said Kelly Nguyen, vice president of Commercial Banker at Rockland Trust. “The need for affordable housing opportunities has greatly increased with the growing housing crisis. Cape View Way is addressing that need in a highly desirable location.”
The development will include handicapped-accessible apartments, a community room, a library, outdoor space, and complimentary basement storage. Cape View Way’s location in Sagamore Beach, close to the Bourne Fire Department headquarters.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.