Acquisition & Timeline

Harbor Hill Acquisition

History:  On February 6, 2017, the Town of Provincetown voted to spend up to $10,700,000 to purchase and renovate 26 units of housing at Harbor Hill.  On September 4, 2018 [14 months later than expected], the Town acquired title to the property and closed on the acquisition for $8,101,620. The Trust received a $250,000 State Grant in October 2018 to create two (2) additional ADA Compliant Units (bringing the total number of units available from 26 to 28). No acceptable bids were received in the September 2018 bid cycle so the Trust had to regroup and re-issue the Invitation for Bids. While doing that, Building #5 underwent renovations with the assistance of the Dept. of Public Works and local vendors. Building #5 came on line in May 2019. The Trust issued a second invitation for bids after the June 24, 2019 Special Town Meeting approved $492,000 in additional funding. The renovation contract was awarded to NEI. The renovations of building #4, #6, and #7 began 7/29/19. Renovation was completed in the spring of 2020. With the assistance of the Property Manager, the Community Development Partnership [CDP], full rent-up was accomplished in October 2020. Harbor Hill remains at 100% full occupancy with a waitlist for interested parties.  

Applications are now being accepted on a rolling basis with applicants added to the waitlist. Harbor Hill Application

A Capital Needs Assessment was completed in March 2020 by Capital Needs Unlimited pro bono for the Year Round Market Rate Rental Housing Trust to assist with property and financial planning. The Trust also hired Bev Gallo of Peregrine Urban Initiative to conduct a financial analysis Gallo Financial Analysis to explore all potential financial options for the continued provision of 28 year round homes and the successful operation of Harbor Hill.

The Year-Round Market Rate Rental Housing Trust board held an update on the status of Harbor Hill on Wednesday, October 25, 2017 at Fishermen’s Hall at the School Auditorium.

PTV Logo Opens in new window PTV Meeting Video Link