OCCUPANCY ESTIMATED FALL 2012
Gull pond Road in Wellfleet will be developed and managed by CHR providing home ownership opportunities for 5 moderate and median households.
Wellfleet awarded CHR designated developer status in 2005. CHR pursued and obtained regulatory approvals but limited subsidy resources has delayed construction.
Infrastructure construction is underway and funded by CDBG award to the town.
Public Subsidy
Commonwealth of Massachusetts
MA DHCD CDBG Reserves
$300,000
Wellfleet CPA/AHTF
$284,112
Project Affordability
100%
- 60% Moderate Income
- 40% Median Income
Construction Lender
TBD
Permanent Loans for Home Buyers
TBD
