A unanimous vote by the Martha’s Vineyard Commission has cleared the way for a mixed-income subdivision in Edgartown that reserves nine building lots and an apartment duplex for deed-restricted purchase by year-round Islanders with limited resources.

The Cohen Family Trust subdivision, on Jernegan Pond Road, also designates five larger building lots for market-rate buyers and donates about 10 acres of open space to Sheriff’s Meadow Foundation.

“This is the kind of out-of-the-box thinking that is very important for us on the Island,” commission chair Fred Hancock told applicant Rob McCarron, who developed the subdivision plan as trustee for the late landowner, Jean G. Hathaway Cohen.

“I think as mixes go, this is terrific because we’ve had ones that are much the other way, [with] just the token unit that’s affordable or at a lower rate. So I commend you,” Mr. Hancock said.

The nine deed-restricted lots will be priced at $225,000 each — less than half their current market value — and available only to year-round Island residents with incomes no higher than twice the median for this area.

The first five sales are earmarked for full-time Vineyard municipal workers, first responders, educators and health care workers, and a 1 per cent transfer fee on future sales will be waived when buyers have full-time employment in these fields.

The first-time buyers must break ground within three years and may build up to 1,800 square feet of living space with as many as three bedrooms. 

Sales of the two-bedroom duplex apartments will be restricted to Islanders earning no more than 140 per cent of the median for a household of three.

Four of the five market-rate lots will be limited to five bedrooms and the fifth will be capped at four bedrooms, under the plan approved Thursday.

In other business, commissioners gave unanimous assent to the relocation of the historic but deteriorated Eliashib Adams house,

Developer Reid (Sam) Dunn’s proposal for a fine-dining restaurant at 75 Main Street in Vineyard Haven, inside the former Martha’s Vineyard National Bank, also won the commission’s approval, with only Jeff Agnoli voting against the plan.

A scheduled public hearing on Rico’s Boat Service, located at Holmes Hole Road and Down Island Farms Road in Oak Bluffs, was continued without testimony to Jan. 16.