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truro-massdot-land-transfer-lg-october-19-2017Lieutenant Governor Karyn Polito, the Massachusetts Department of Transportation (MassDOT), state legislators and municipal officials from the Town of Truro, today celebrated the transfer of a 3.91 acre underutilized state-owned parcel to Truro for the development of affordable housing opportunities for year-round, lower-income residents of Cape Cod. The land transfer comes as part of the Baker-Polito Administration’s “Open for Business” initiative, which leverages unused or underutilized, state-owned property across the Commonwealth, to reduce costs and meet the needs of local communities.

“Partnering with our municipal partners and the private sector, we are proud to identify opportunities like these to leverage underutilized state assets for economic development, housing and job creation in our communities,” said Governor Charlie Baker. “Since launching the ‘Open for Business’ Initiative, the leasing or sale of similar state-owned assets is set to spur over half a billion in revenue, thousands of new jobs and housing units, and increased revenue for cities and towns. Now, this vacant MassDOT parcel in Truro can now be put to use meeting the Cape and Truro’s need for affordable housing for its year-round residents.”

MassDOT completed the land transfer last month, receiving a one-time $16,944 payment as reimbursement for its costs to prepare the disposition.  The site, located on Highland Road near Route 6 in Truro, has been owned and unused by MassDOT since 1953. It will be used by the town to develop approximately 12 units of mixed-income housing, 25% of which will be reserved for lower-income or workforce housing (80% of Area Median Income, or AMI).

“We are pleased to collaborate with the Town of Truro to ensure that this important location is used for the benefit of the community and its residents,” said Lt. Governor Polito. “Across the Commonwealth, we are working with local leaders to see how state assets can be put to better uses meeting local needs, including conservation of open space, housing, and economic development.”

“MassDOT is pleased to work with our local partners to turn underused highway infraspace and parcels across the Commonwealth to more productive uses,’”  said Transportation Secretary and CEO Stephanie Pollack. “We continue to evaluate MassDOT-managed property in other cities and towns to determine if there may be additional opportunities to support local development interests.”

“Communities across the Cape and Islands have become profoundly unaffordable; this land transfer will help ensure that the next generation of families will be able to build a life on the Outer Cape,” said State Senator Julian Cyr. “I am encouraged that the Baker-Polito Administration shares my commitment to smart investment in housing development, and I am proud of the considerable work that has gone into this project at the local level. In my hometown of 2,003 people, an opportunity like this will make a big difference.”

“This land transfer is critical to the success of the ongoing efforts by the Town of Truro to build affordable and workforce housing in the Town of Truro,” said State Representative Sarah Peake. “Because the Cape Cod National Seashore owns so much property in Truro, the available land for projects like this is scarce and very expensive. The significance of this transfer cannot be measured in dollars. I wish to express my thanks to the Baker-Polito administration for making this happen.”

The Baker-Polito Administration’s “Open for Business” initiative launched in 2015 and seeks to leverage Commonwealth-owned vacant or underutilized assets for local economic benefits, including office and open space, retail, and housing. To date, 32 state-owned assets have been sold, leased, or put under agreement, and when fully developed, will generate $554 million in revenue, 2,258 new housing units, nearly 1,500 new jobs, 1.3 million square feet of new commercial space, and $20 million in annual property taxes to local cities and towns.

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