Falmouth MA 40B Project List

Have you ever wondered where the 40B (low income) developments are in Falmouth. The list below was provided to real estate professionals recently. The list includes the developer/applicant, acreage, zoning information, number of units, etc.

Some people don't want to be in or near a 40B subdivision. Their perception is that a 40B development is like the infamous "projects" so many cities have. But, this is not correct.

A 40B project is known as a "low income" development. This is not the same as Section 8 income assistance. In a 40B development, 25% of the properties for sale are made available to buyers who have an income below the average for the area. Those buyers still have to qualify for a loan, with good credit, an income, etc., but they are given a "break" on the purchase price of their property. Often, the discounted properties also have deed restrictions relative to when the buyer can re-sell and sometimes even what profit they can make.

If you have questions about 40Bs and how they affect your property in Falmouth, send us an email capegroup@capegroup.com.

Here's the list.

Best wishes, Heath