
In 2009, The Sandwich Housing Authority received Town Meeting approval for a commitment of $1,850,000 in Community Preservation Act Funds for the development of additional affordable housing units on existing Authority-owned land at this location. The SHA is currently pursuing additional funding from private and governmental funding sources potentially including Low Income Housing Tax Credit financing and traditional rental income-based mortgages. The Authority is also continuing to work towards securing the necessary local permitting. The SHA is very appreciative of the support of Town Meeting, the Board of Selectmen, the Finance Committee, and the Community Preservation Committee in obtaining this substantial local funding commitment. In addition to providing much-needed development capital, approval of this funding is key to demonstrating local support for this project, a key factor in receiving State or Federal funding. |