Yarmouth Selectmen Renew HOME Consortium Membership

YARMOUTH – Selectmen in Yarmouth recently voted to renew the town’s membership in the Barnstable County HOME Consortium.

The program, which is funded through the federal Department of Housing and Urban Development and the county, helps residents in all Cape Cod towns find and keep affordable housing.

HOME Program Manager Michelle Springer says the consortium has distributed more than 15 million in funds since 1994.

“In total the HOME program has allocated about $1.2 million to the town of Yarmouth,” Springer said. “We have three rental developments that have Barnstable County HOME funds in them that resulted in 73 affordable units – 16 home units.”

Last year, 32 percent of loans initiated through the Down Payment and Closing Costs program for first-time home buyers went to Yarmouth. Yarmouth residents were awarded six of the loans which was second in the county to Barnstable’s seven.

Yarmouth renewed its membership through the federal Fiscal Year 2020. The HOME Consortium program is expected to receive and distribute another $1 million across the county over the next three years.

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