Constructed over two phases, Village Green delivered 120 much-needed apartments to the Cape Cod market, where finding quality, affordable housing poses a significant challenge for local workers and their families. The apartments are conveniently located within a five-minute drive to Route 6, Cape Cod’s primary highway. In addition, a public transit stop is located at the entrance to the community, providing residents with easy access to the many retail, dining, and entertainment establishments in the area.
Phase I, which was completed in the spring of 2015, featured 60 units in two three-story buildings with a mix of one-, two- and three-bedroom apartments. Phase 2, completed at the end of 2016, added two buildings and another 60 units. All the units are designated as affordable and 15 are dedicated to previously homeless families.
These apartments feature spacious layouts, modern kitchens, and Energy Star appliances for increased energy efficiency. The property also includes a bright and airy clubhouse, which is designed in a traditional Cape Cod style, where residents can gather in the community lounge or use the on-site fitness center. Adjacent to the clubhouse is a large playground area for the children to enjoy.
Completion: 2015; 2016
Total Development Costs: $30 million
Financing Partners: Bank of America, MA DHCD, MA Housing Partnership, Barnstable HOME Consortium, Stratford Capital Group, Alden Torch
Financing: LIHTC, HOME, Affordable Housing Trust Fund, Housing Stabilization Fund