Northside Village
Northside Village is a 46-unit property located on Cape Cod in the Town of Dennis. The acquisition was made possible through an acquisition loan from the Community Economic Development Assistance Corporation (CEDAC).
The property is located less than 3 miles from POAH’s multifamily development in South Dennis and is within walking distance of a grocery store and other retail amenities. POAH plans to modernize the building’s operating systems and equipment in the future to ensure healthy homes with low environmental impacts.
Northside Village and Westport Village are sister properties that will bring 94 additional affordable rental apartments into the POAH portfolio in Massachusetts, which consists of 3,859 units in 40 properties from Cape Cod to Pittsfield.
*CEDAC is a public-private community development financial institution that provides project financing and technical expertise for community-based and other non-profit organizations engaged in effective community development in Massachusetts. CEDAC’s work supports two key building blocks of community development: affordable housing and early care and education. CEDAC is also active in state and national housing preservation policy research and development and is widely recognized as a leader in the non-profit community development industry. For additional information on CEDAC and its current projects, please visit www.cedac.org.
Read more here: POAH Acquires 94 Senior Affordable Apartments in Southeast MA and Cape Cod | Preservation of Affordable Housing