In an announcement made by Gov. Deval Patrick and the Department of Housing and Community Development, the Island Housing Trust and 43 other community development organizations were awarded more than $5 million in state community investment tax credits.
A lengthy public hearing process came to an end Friday morning, clearing the way for the Island Housing Trust to build a six-unit apartment building on Water street in Vineyard Haven. Lack of on-site parking was a sticking point.
The Vineyard has led the way when it comes to taking a regional approach on Community Preservation Act spending. That was the message from Stuart Saginor, executive director of the Community Preservation Coalition, when officials and residents gathered in Oak Bluffs on Tuesday to brainstorm ways for the six Island towns to more effectively share state funding for capital projects.
Island Housing Trust, a nonprofit organization that develops sustainable affordable housing projects on the Island, was one of 38 community organizations awarded Community Investment Tax Credits totalling $3 million. The tax credits will be distributed by the Island Housing Trust to investors in exchange for donations.
The Martha’s Vineyard Commission has approved a plan to expand the Sepiessa Affordable Housing development in West Tisbury.
The application from the Dukes County Regional Housing Authority and the Island Housing Trust will add three affordable housing units with six bedrooms to the housing development on Clam Point Road. Right now, the housing complex consists of four units with six bedrooms.
The development is located on a three-acre parcel of land with a Title V septic system.
There was little need for ceremonial golden shovels during Wednesday afternoon’s groundbreaking for phase two of the Island Housing Trust’s Lake street project. Construction had already begun on the third and final duplex town house of the affordable housing mini-community in Vineyard Haven. When complete, the duplexes will house six families.
Habitat for Humanity of Martha’s Vineyard joined forces with partner Island Housing Trust to present the second annual Raising the Roof, a benefit concert for affordable housing, on Thursday evening, July 26.