Falmouth Housing Corporation

What Falmouth Housing Corporation does

Falmouth Housing Corporation (FHC) is a 501(c)(3) non-profit affordable housing developer founded in 1996 and headquartered in Falmouth, Massachusetts. The organization develops, owns, and manages affordable rental housing serving seniors, families, workforce households, and individuals with disabilities on Cape Cod. Its portfolio comprises 7 properties totaling more than 300 units, with notable recent additions including the 48-unit Scranton Main Senior Housing (opened November 2024) and the Gifford Street Campus expansion (52 units across 587 & 651 Gifford Street).

FHC's business model is structured around LIHTC-financed development, project-based vouchers, municipal partnerships, and philanthropic fundraising. Capital projects are financed through layered stacks of federal low-income housing tax credits, state and local government grants, and community fundraising events such as the annual Tour de Falmouth (entering its 10th year in 2026). The organization also operates the Falmouth Housing Prevention Program (FHPP), founded in 1995, which provides homelessness prevention services distinct from the property development business.

FHC maintains deep local roots through partnerships with the Falmouth Housing Authority, Falmouth Housing Trust, Habitat for Humanity, and The 300 Committee land trust. Demand materially exceeds supply, with waiting lists of 3-5 years across the portfolio. The organization is currently positioned to bid on Town of Falmouth RFPs for affordable housing on four town-owned parcels issued in 2025, with additional expansion capacity on approximately 8 acres of remaining undeveloped land at the Gifford Street Campus.

Name

Falmouth Housing Corporation

Legal name

Falmouth Housing Corporation

Website

https://falmouthhousingcorp.org

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

1–10 employees

Short description

Falmouth Housing Corporation is a 501(c)(3) non-profit founded in 1996 that develops, owns, and manages affordable rental housing in Falmouth, Massachusetts. It serves seniors, families, workforce households, and disabled individuals through 7 properties with 300+ units and operates the Falmouth Housing Prevention Program.

Ownership category

akta.pro rank

Product category

Affordable Housing

NAICS

Residential Property Managers (531311)

SIC

Operators Of Apartment Buildings (6513)

akta.pro industry

PRIMARYBPAJAFAD

Affordable & Subsidized Housing Property Management (LIHTC, Section 8)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

SECONDARYBPAGALAC

Affordable Housing & Community Development (Housing, Community Land Trusts)

Business & Public Services/Nonprofit, NGO & Social Services/Social Enterprises & Impact Organizations

SECONDARYBPAJAFAE

Senior & Assisted Living Residential Property Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Residential Property Management

Keywords

• Affordable rental housing
• Senior housing
• Workforce housing
• Homelessness prevention
• Non-profit housing developer

Headquarters

HQ city

Falmouth

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales

Revenue model

1. Rental Income: Primary revenue from rental payments by tenants. Rent is calculated based on tenant income levels (30%, 50%, 60%, 80% of Area Median Income). Water, heat, hot water, and electricity are included in monthly rent.
2. Donations and Charitable Contributions: 501(C)3 non-profit that accepts donations including cash, securities, property, wills/bequests, IRA transfers, gift annuities, charitable trusts, life insurance, and in-kind gifts. Donations are tax-deductible.
3. Grants: Funding from government and private grants. The $27 million Scranton Main project was funded with state, federal, and local funds including $3.8 million from town's Affordable Housing Fund and $1.9 million from Cape Light Compact.
4. Tour de Falmouth Fundraising: Annual charity bike ride event benefiting the Falmouth Homeless Prevention Program. All event proceeds go directly to support FHPP recipients.
5. Project-Based Vouchers: Federal rental assistance payments tied to specific apartment units at Schoolhouse Green, Scranton Main Senior Housing, and Little Pond Place properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Falmouth Housing Corporation is a non-profit local affordable housing developer that develops, owns, and manages income-restricted rental housing across seven properties in Falmouth, Massachusetts. The organization serves seniors, families, disabled individuals, and workforce households earning 30%–80% of Area Median Income, with utilities included in monthly rent. It also operates the Falmouth Homeless Prevention Program, providing emergency financial assistance to at-risk residents to prevent homelessness.

Product overview

Falmouth Housing Corporation is a non-profit local affordable housing developer offering a portfolio of seven distinct property locations across Falmouth, Massachusetts. The portfolio includes senior housing complexes (Scranton Main Senior Housing for ages 62+, School House Green for ages 55+), family housing properties (704 Main Street, Edgerton Drive, Notantico Woods, Little Pond Place), and workforce housing developments within the Gifford Street Campus. Since its inception in 1996, FHC has developed over 300 affordable rental units. The corporation also operates the Falmouth Homeless Prevention Program (FHPP), a charitable initiative providing financial assistance and support services to at-risk residents. All properties target specific income levels based on Area Median Income (AMI) percentages, with some properties featuring project-based vouchers restricting income to 30% of AMI.

Differentiator

Problem solved

Functional benefit

Brands

• Falmouth Homeless Prevention Program (FHPP): A program operated by Falmouth Housing Corporation that provides compassionate, targeted financial support to at-risk Falmouth residents including the elderly, low-income families with young children, the chronically ill and disabled to prevent homelessness.

Products and services

• Scranton Main Senior Housing Affordable rental housing complex for seniors aged 62 and older featuring 48 one-bedroom and studio apartments with utilities included in rent.
• 704 Main Street

Quantifiable outcome

• Over 3,500 individuals and families assisted by FHPP since 1995
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Falmouth Service CentercoreStrategic or Co-development Partner · 1 January 1995Adjacent to FHC Gifford Street Campus. Provides essential services including food pantry, clothing room, home delivery for those in need, and financial counseling services for low-income community members. Critical community resource supporting FHC tenants and homeless prevention program recipients.
• Falmouth Housing TrustcoreStrategic or Co-development PartnerLocal non-profit housing organization. Partners on affordable housing initiatives including deed restrictions and monitoring. Executive Director Laura Moynihan represents Falmouth Housing Trust at community housing forums. Currently partnering with The 300 Committee on housing development at 419 Waquoit Highway.
• Falmouth Housing AuthoritycoreStrategic or Co-development PartnerLargest provider of housing to extremely low income families in town with 308 units across 5 housing sites. Director Bobbi Richards participates in community housing forums. Serves as monitoring agent for some deed-restricted homes in Falmouth.
• Housing Assistance CorporationcoreStrategic or Co-development PartnerRegional non-profit serving Cape and islands with rental vouchers, emergency funding, and affordable homes for sale. Director of Community Engagement Jennifer Cullum participates in housing forums. Has 127 new units planned regionally, currently building 80 units Cape-wide.
• Habitat for Humanity of Cape CodminorStrategic or Co-development PartnerBuilds affordable homes with volunteer help. Families pay affordable mortgages with deed restrictions keeping homes affordable in perpetuity. Currently building 4 homes on Gifford Avenue Extension in Falmouth, collaborating with The 300 Committee on 13-15 homes in North Falmouth.
• The 300 Committee Land TrustcoreStrategic or Co-development PartnerLand trust organization partnering with Falmouth Housing Trust and Habitat for Humanity on affordable housing developments including projects on Gifford Avenue Extension and at 419 Waquoit Highway.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Market position

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/FalmouthHousingCorp
• LinkedInlinkedin.com/company/falmouth-elderly-housing-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Falmouth Housing Corporation