Officials Break Ground on New Yarmouth Housing Complex

YARMOUTH – Local officials, financing partners, and members of the public were on hand for a groundbreaking ceremony yesterday for the new Yarmouth Commons apartment community to be located at the site of the former Cavalier Lodge on Route 28.

The event marks the formal commencement of construction on the development, which will bring a total of 69 new apartment homes to the market.

During the ceremony, Roberto Arista, a principal with developer Dakota Partners, praised the efforts of the town in getting the project off the ground

“The town of Yarmouth recognized and understood the shortage of affordable housing options in the region,” he said.

“And offered incentives generous I may add for developer like us to come in and help the town achieve its goal of providing quality affordable housing options.”

The community will feature a mix of one, two, and three-bedroom apartments spread across three residential buildings and an expansive common green space.

The complex will also include a fitness center, leasing office, playground, and community center.

Tracy Post, a member of the town’s board of selectmen, referred to the development as part of the Route 28 redevelopment ‘success story’.

“Yarmouth Commons is part of our route 28 success story,” she explained, “Including elder care facilities luxury housing motel improvements open space parks and now affordable housing and construction.

Officials say that they are aiming for a May 2019 completion date for the first building. The second and third buildings have expected completion dates in the fall of 2019, with the majority of the rental units being offered up at affordable and workforce housing rates.

“The Town of Yarmouth is stepping up like you always do,” said State Representative Tim Whelan.

“Stepping up and recognizing the housing crisis that we have here and wanting to ask ‘what can we do to help build our stock of affordable housing?’ We don’t hear that in every town on Cape Cod – and I’m not trying to call out any other towns – we don’t hear that in every town on Cape Cod, but we do we have that in the town of Yarmouth.”

The development received $4.5 million in state grant funding through Low Income Housing Tax Credits and subsidy funds.

The town also supported the project with over $2 million in Community Preservation Act Funds.

By DAVID BEATTY, CapeCod.com NewsCenter

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