Dakota Partners is pleased to announce that financing has closed and construction is underway at the second phase of our Village Green project in Barnstable, MA. Two additional three-story buildings with a mix of one, two and three bedroom units will be delivered in Phase II. The sixty additional units will bring the total number of apartments at Village Green to 120. All of the new units will be affordable, with 15 reserved for previously homeless families. A fitness center and tot play lot will be added to the existing community center during the second phase as well.
Financing partners include the Massachusetts DHCD, Bank of America, the Town of Barnstable and Barnstable Home Consortium. Alden Torch is the tax credit syndicator. The buildings will be ready for occupancy in late 2016 and early 2017.