Developments > Clay Pond Cove
This is the second phase of a three-phase 40B development on a 17-acre site known as Canal Bluffs in the Town of Bourne, a town known as the “gateway to Cape Cod.” This project consists of 45 units of housing in a 3-story building. MHIC also financed new construction of a 28-unit project on this sit using low-income housing tax credits. Clay Pond Cove is geared to the elderly, but has no age restrictions. All units are affordable at 60% of the Area Median Income.
Clay Pond Cove
Project at a Glance:
Location:
Bourne
Development Type:
Rental
Project Type:
New construction
MHIC Financing:
$3,750,000 in debt financing
Sponsor:
Preservation of Affordable Housing
Number of Units:
45
This is the second phase of a three-phase 40B development on a 17-acre site known as Canal Bluffs in the Town of Bourne, a town known as the “gateway to Cape Cod.” This project consists of 45 units of housing in a 3-story building. MHIC also financed new construction of a 28-unit project on this sit using low-income housing tax credits. Clay Pond Cove is geared to the elderly, but has no age restrictions. All units are affordable at 60% of the Area Median Income.