Developments > Cromwell Court Apartments
Cromwell Court is a garden apartment complex, consisting of 124 affordable rental units in 11 two-and-half story buildings. The property is located near Main Street in Hyannis with easy access to commercial areas, shopping, employment centers and transportation. Built between 1972 and 1974 and originally financed under HUD Section 236, the complex was at risk of reverting to market rate. The sponsor’s preservation of the property will ensure continued affordability.
Cromwell Court Apartments
Project at a Glance:
Location:
Hyannis
Development Type:
Rental
Project Type:
Preservation and moderate rehabilitation
MHIC Financing:
$3,750,000 in debt financing, $3,055,031 in LIHTC financing
Sponsor:
Preservation of Affordable Housing
Number of Units:
124
Cromwell Court is a garden apartment complex, consisting of 124 affordable rental units in 11 two-and-half story buildings. The property is located near Main Street in Hyannis with easy access to commercial areas, shopping, employment centers and transportation. Built between 1972 and 1974 and originally financed under HUD Section 236, the complex was at risk of reverting to market rate. The sponsor’s preservation of the property will ensure continued affordability.