POAH Closes On Financing For Spring Rock Village

BREWSTER – The 45-unit affordable housing project off Millstone Road is a step closer to the construction phase after almost a decade on the drawing board.

 On Wednesday, Feb. 18, the Preservation of Affordable Housing (POAH) announced it had closed on the financing to start building the complex, which will feature seven separate buildings. 

 Located at 55 Spring Rock Village, the multi-unit development will be developed in partnership with Housing Assistance, the largest developer of affordable housing on the Cape. The project is designed to keep the classic Cape Cod look and feel, while incorporating a number of energy efficient improvements with “little to no onsite fossil fuel” impact, according to the press release.

 The project will include financing ranging from 9 percent federal and state Low Income Housing Tax Credits, an Executive Office of Housing and Livable Communities subsidy, a Massachusetts Housing Partnership Workforce Housing subsidy, Community Preservation Committee (CPC) and Affordable Housing Trust funding from Brewster, and CPC funding from six surrounding Cape Cod towns including Eastham, Orleans, Chatham, Truro, Wellfleet and Provincetown. Rockland Trust has also helped finance this phase. 

 According to the project design, the development will include 15 one-bedroom apartments, 25 two-bedroom apartments and five three-bedroom apartments across five different buildings. The largest of the five buildings will include an elevator for accessibility purposes. There will be an array of different apartment styles including ranch-style apartments and town homes with individual entrances. 

 The central management building will have amenities such as bike storage, central laundry and a community room. The landscape design will include a community green space. The affordable housing development will have its own wastewater treatment facility. 

“As a local developer, our goal is to create pathways to stable, attainable year-round housing for our neighbors, who are so deeply impacted by this unrelenting housing crisis,” said Housing Assistance CEO Alisa Magnotta. “Projects like Spring Rock Village offer the perfect opportunity to bring meaningful housing options to locals while still protecting our fragile environment. These homes will allow members of our community to grow roots and call Brewster home for many years to come.”

According to Vitalia Shklovsky, senior project manager at POAH, construction on the site will begin next week once cleanup from the winter storm has progressed. Assistant town manager Donna Kalinick said residents and abutters will be receiving a notice on construction shortly. POAH is also in the process of setting up a website with information on construction updates, including email notifications.