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Clay Pond Cove

101 Harmony Hill Road
Bourne, MA
Deal Type: 
New Construction
Year Built: 
2012
Last Renovation: 
2012
Number of Units: 
45
Tenancy: 
Senior

Clay Pond Cove at Canal Bluffs is the second phase of a multi-phased residential affordable housing community in Bourne, MA. Located less than a mile from the Bourne Bridge at the gateway of Cape Cod, Clay Pond Cove has easy access to commercial areas, shopping, employment centers and transportation.

In 2007, a Cape Cod-based nonprofit, Housing Assistance Corporation (HAC), received a comprehensive permit to construct a three-phased residential community on the 17 acre parcel of land that had been slated for a high tech startup company.  After purchasing the site, the nonprofit was faced with an environmental hurdle; the parcel of land was now deemed an environmentally sensitive area due to its proximity to the Phinney Harbor watershed.

POAH acting in the capacity of co-developer with HAC, secured a Title V permit for the construction and operation of the first phase of the development called The Residences at Canal Bluffs.  The project was made possible by $4.8 million in 9% low income housing tax credit equity from the Massachusetts Housing Investment Corporation and a first mortgage from MassHousing.

The completion of Canal Bluffs paved the way for a second phase, Clay Pond Cove which included the completion of the wastewater treatment plant that serves the whole Canal Bluffs residential community and the abutting retail shopping center.

Project Partners

  • Housing Assistance Corporation (co-developer)
  • JP Morgan Chase