nantucket affordable housing lottery

The Dukes County Regional Housing Authority was publicly chartered in 1986 to assist the towns of Martha's Vineyard and Gosnold with increasing year-round housing opportunities for residents with low and moderate incomes. In the last fiscal year, the lottery returned nearly $1 billion to the towns and cities of Massachusetts. Affordable Home Ownership Lottery (April 20, 2023) Calling all homeowners! The islands 2002 Housing Action Plan survey stated that the housing crisis on the island is the primary source of most of Nantuckets economic, social and, even, environmental problems. The lottery includes six affordable homes and one "workforce home" being built in Phase II of the Sandpiper Place development. Lottery scheduled for affordable senior housing complex All rights reserved. $239,750 (4 people), $260,400 (5 people), $278,460 (6 people) The scarcity of affordable housing on the island is well-known to locals who have seen the median home prices on the island soar over $1.5 million. %PDF-1.7 % - Manage notification subscriptions, save form progress and more. A ferry passes by Brant Point Lighthouse on . Try another? The opening of the affordable housing lottery for Bronx Point brings us one step closer to welcoming families to this long-awaited, transformative development, said Josue Sanchez, Senior Director, L+M Development Partners. * Right to purchase an 80-175% AMI restricted property through an approved lottery program is a requirement of funding. , 4 (80% AMI) 3BR affordable single-family homes (approx. Tue. We do know that due to the price point of homes on Nantucket, that there are people waiting specifically for the Sachems Path project., Main Office: 460 West Main Street, Hyannis, MA 02601, Lower Cape Office: 78 Route 6A, Orleans, MA 02653, Copyright 2023 Housing Assistance Corporation. The workforce home will be sold to a household with income at or below 175% of the Area Median Income. Whether its assessing the Nantucket communitys need, 40B development, or planned production in town government, our fingers are on the pulse of Nantuckets affordable housing initiatives. Search the history of over 806 billion The 56 units are part of a 3.7-acre housing and health hub located on former redevelopment property once owned by . hbbd```b``:"A$\ We can do better. Its been a really wonderful collaboration with the Nantucket Housing Authority, and Renee Ceely, the executive director, has been a pleasure to work with, Ms. Danner said.