Island Housing Trust, Land Bank Jointly Buy 14.8 Acres

The Island Housing Trust and Martha’s Vineyard Land Bank paid $1.2 million for the property off State Road in Vineyard Haven, with a plan to build rental housing on part of the land and leave the remainder in conservation.

Acute Shortage of Rental Housing Said to be at Crisis Level

The Island Housing Trust annual meeting and forum Saturday focused heavily on the need for decent rental housing. “We have a crisis right now,” said Lisa McGuire, a business owner.

Tax Credits for Island Housing Trust

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.

Water Street Apartments Clear Zoning Board With Concessions

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.

Vineyard Out in Front With Regional Take on CPC Spending

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.

Selectmen Agree to Housing Trust Deal

The West Tisbury selectmen Wednesday signed an agreement with the nonprofit Island Housing Trust to accept payment in lieu of taxes for three new apartments at Sepiessa.

Island Housing Trust Annual Meeting

The Island Housing Trust invites the community to its annual meeting at 10:30 a.m. on Saturday, April 12, at the West Tisbury library.

Island Housing Trust Awarded Community Investment Tax Credits

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.

Vineyard Housing Advocates Honored

Two longtime Island affordable housing advocates will be honored at the State House in Boston Tuesday for their contributions under the Community Preservation Act.

Philippe Jordi and Derrill Bazzy are recipients of this year’s Kuehn Community Preservation Award, given out by the Community Preservation Act Coalition.

Sepiessa Affordable Housing Expansion Approved

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.