Daniel Consoni, a 29-year-old Edgartown resident, won the right to buy a one-bedroom loft in downtown Edgartown in a lottery drawing Monday afternoon.

State and Island officials broke ground Friday at Scott’s Grove, a project to build nine affordable rental apartments.

The Island Housing Trust has unveiled an ambitious plan to create 100 new affordable housing units on the Vineyard by the end of 2020.

Six Island residents were settling into new homes this week as the Island Housing Trust celebrated the opening of a new six-unit affordable housing apartment complex in downtown Vineyard Haven.

Island Housing Trust founding director Philippe Jordi has graduated from the NeighborWorks Achieving Excellence Program.

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.

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.

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.