Contains affordable units and 2 subsidized Three BR units. Founders’ Court Apartments is a 32-unit family development located on Rt. 28, approximately 2.5 miles from the Hyannis town center and within walking distance of the Cape Cod Regional Transit bus service and the middle/high schools. A community day care facility is on site.
The property was built in 1989 by nonprofit Founders’ Court Corporation and has served low- and moderate-income households on Cape Cod with a mix of two- and three-bedroom apartments for 25 years. Apartment rents are based on incomes starting at 30% of the Area Medium Income to full market rate levels.
POAH extended the affordability restrictions for 75% of the apartments at acquisition. In 2017, POAH completed a substantial rehabilitation of the property of nearly $79,000/unit that included new exterior lighting and site improvements, ADA upgrades, new siding, upgrades to unit interiors, energy efficiency measures and fire system upgrades.
HousingWorks, Inc.
P.O. Box 231104
Boston, MA 02123