The Oak Bluffs select board voted unanimously Tuesday to approve a request for proposals (RFP) for a multi-unit affordable housing development along the Edgartown-Vineyard Haven Road.
The Island Housing Trust and MassHousing have closed on $1.12 million in financing for the seven-unit housing development, a former bed and breakfast in Vineyard Haven.
A recent benchmark housing needs assessment conducted by the Martha’s Vineyard Commission paints an increasingly dire picture of the Island’s housing crisis.
In 2005, the first housing bank initiative on Martha’s Vineyard won support from all six Island towns.
The West Tisbury affordable housing committee is looking for property to develop.
As voters in four towns prepare to weigh in next week on a wide range of issues at annual town meetings, one issue has dominated Island discourse: the proposal to create a housing bank.