Cape Cod-Based Housing Nonprofit Reaches $5 Million Capital Campaign Goal: Here's What It'll Do

HYANNIS, MA — Nearly 150 people have donated $5 million to a nonprofit helping to fight housing insecurity on Cape Cod and the Islands.

Housing Assistance announced recently that it had officially reached its $5 million capital campaign goal, "completing a community-driven effort that was made possible by 145 donors, including a transformational gift from Cape Cod Healthcare, to help more Cape Cod residents find stable, year-round housing," officials said.

“We are grateful to each and every one of our donors who have supported this effort to give us the flexibility to bring new units online faster, partner smarter, and keep pushing forward,” said Alisa Magnotta, CEO of Housing Assistance.

“The dire need for housing across the Cape is clear. In recent homeownership lotteries, we have seen ten applicants for every available unit. The completion of this campaign means we can say yes more often when new housing opportunities arise.”

A portion of the funds will support upcoming housing developments in several Cape towns, and a revolving fund will allow the organization to act quickly when development opportunities present themselves, even before funding is secured, officials said.

“Cape Cod is made up of people who care deeply about this place and about each other,” said Alex Rodolakis, campaign co-chair and an attorney at Fletcher Tilton. “When we talk about the housing challenges we are facing, and especially what it means for young families, workers, and older adults, people want to help. And they do.”

The campaign strengthens Housing Assistance’s ability to sustain the homeless outreach, shelter services, stabilization efforts and homeownership supports for Cape Cod residents, officials noted.

“We are deciding now what Cape Cod will look like in 20 years,” added Magnotta. “We can become a place where only a few can afford to live, or we can remain a community that includes teachers, artists, fishermen, nurses, young families, and older adults. Our goal is to make sure the Cape remains a place that works for all of us.”