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Founders' Court

979 Falmouth Road
Hyannis, MA
  • Founders' Court exterior entrance
  • Founders' Court exterior and parking area
  • Founders' Court parking area
Deal Type: 
Acquisition/Rehab
Year Built: 
1989
Acquisition Date: 
2016
Last Renovation: 
2017
Number of Units: 
32
Tenancy: 
Family

Founders’ Court Apartments is a 32-unit family development located on Rt. 28, approximately 2.5 miles from the Hyannis town center and within walking distance of the Cape Cod Regional Transit bus service and the middle/high schools. A community day care facility is on site.

The property was built in 1989 by nonprofit Founders’ Court Corporation and has served low- and moderate-income households on Cape Cod with a mix of two- and three-bedroom apartments for 25 years. Apartment rents are based on incomes starting at 30% of the Area Medium Income to full market rate levels.

POAH extended the affordability restrictions for 75% of the apartments at acquisition. In 2017, POAH completed a substantial rehabilitation of the property of nearly $79,000/unit that included new exterior lighting and site improvements, ADA upgrades, new siding, upgrades to unit interiors, energy efficiency measures and fire system upgrades. 

Project Partners

  • MassHousing
  • Massachusetts Housing Investment Corporation (MHIC)
  • US Department of Housing and Urban Development (HUD)
  • Davis Square Architects