Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Canal Bluffs

Canal Bluffs

Project at a Glance:
Development Type:
Project Type:
New construction, 40B
MHIC Financing:
$4,812,020 in LIHTC financing
Preservation of Affordable Housing
Number of Units:

Considered the “gateway to Cape Cod,” the Town of Bourne has been enriched with the addition of 28 new units of affordable rental housing. MHIC provided a $4.8 million low-income housing tax credit investment for this first phase of a multi-phase project that will later include construction of 89 condominiums. All 28 rental units are available for rent to households earning less than 60% of the Area Median Income. This project was developed under Chapter 40B.