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Brandy Hill Apartments

105 Minot Avenue
East Wareham, MA
  • Brandy Hill Apartments exterior and grounds
  • Brandy Hill Apartments exterior balconies
  • Brandy Hill Apartments exterior close up
  • Brandy Hill Apartments entrance
  • Brandy Hill Apartments courtyard
  • Brandy Hill Apartments grounds
  • Brandy Hill Apartments view of playground from unit
  • Brandy Hill Apartments unit kitchen
  • Brandy Hill Apartments bedroom
Deal Type: 
Preservation Acquisition
Year Built: 
1972
Acquisition Date: 
2010
Last Renovation: 
2017
Number of Units: 
132
Tenancy: 
Family

Brandy Hill Apartments are located in Wareham, a southeastern Massachusetts town at the head of Buzzards Bay. The complex is located in a charming natural setting and includes a number of amenities including an outdoor swimming pool, playgrounds and a community building.  

The property was originally developed in the early 1970s under the HUD Section 236 program which provides interest rate subsidies in exchange for affordability and was preserved under the Emergency Low Income Housing Preservation Act (ELHIPA) in 1994.  The acquisition of Brandy Hill Apartments six years before affordability restrictions expired ensured the property’s affordability. Long-term stability was financed by the assumption of the current MassHousing mortgage, an acquisition mortgage from MassHousing, and subordinate funds from a Prudential line of credit. 

In 2016, POAH refinanced and recapitalized the property with 4% Low Income Housing Tax Credits and new mortgage financing from MassHousing which provided $8.4 million dollars ($63,000 per unit) for substantial renovations including new siding, HVAC systems upgrades, 504/ADA upgrades, and unit component upgrades.

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Project Partners

  • MassHousing
  • Prudential Social Investment Fund
  • US Department of Housing and Urban Development (HUD)
  • Stratford Capital Group
  • Massachusetts Department of Housing and Community Development
  • The Architectural Team
  • Delphi Construction Inc