On January 23, Selectmen gave the green light to develop a 41- unit affordable housing project at the Cloverleaf area of North Truro off the Highland Road ramp from Route 6.
The Select Board (BoS) selected Community Housing Resource Inc., an Outer Cape group led by Ted Malone, to develop a 41-unit “affordable housing” project. Malone also developed the “Sally’s Way” affordable housing complex in Truro. Only one other group submitted a proposal.
CHR’s winning proposal projected 22 one-bedroom, 15 two-bedroom, and four three-bedroom units. The project is slated to include four units for people who earn up to 30 percent of the area median income (AMI), 17 units for people making 60 to 80 percent of AMI, 12 units for people earning up to 100 percent of AMI as well as eight market rate units. Two to three units would be meet federal Americans with Disabilities Act standards and will be reserved for persons meeting legal requirements. Median income in Truro is $67,425 according to the realtors’ resource site point2homes.com. The site reports average income to be $81, 822 annually.
Malone projects the project will take up to four years to complete.
Comments and questions from the BoS and the public concerned access for disabled persons, sound-proofing, location near major roads, timing for the project’s completion, and whether locals will qualify for housing.
TPRTA will provide updates on the project as it develops, including any refinements in official AMI financial information and project details.