CommitteeNantucket

Affordable Housing Trust

Track committee activity, current roster, and published meeting coverage for Affordable Housing Trust in Nantucket.

0 active membersLast meeting Aug 11, 202627 summaries in 30d

Summaries

Active roster

Latest activity

Aug 21, 2026

Municipality

Nantucket

Latest coverage

Housing Trust Expands Funding Eligibility

Published Aug 21, 2026

Related summaries

Published meeting coverage connected to Affordable Housing Trust.

Briefing

Jul 7, 2026

Housing Trust Expands Funding Eligibility

The Trust unanimously approved an amendment allowing it to serve households earning up to 250% of area median income and support projects with year-round occupancy restrictions, defined as occupancy for 10 of every 12 months. It also approved a building assessment contract of up to $30,000 for 14 Somerset Road.

2 min readMunicipal coverage

Briefing

Jun 16, 2026

Trust Approves $15,000 Housing Assistance Loan

The Affordable Housing Trust approved up to $15,000 in closing-cost assistance as a loan for the purchase at 1 Webster Drive. It also authorized repayment of a $9,519.08 mortgage balance tied to a prior assistance loan and reviewed draft recommendations to improve oversight of future housing projects.

2 min readMunicipal coverage

Briefing

Jun 2, 2026

Trust Awards $200,000 Housing Restriction Funds

The Affordable Housing Trust approved up to $200,000 for a year-round deed restriction at 10 Arkansas Avenue, authorizing a contract and closing documents after required due diligence was completed.

2 min readMunicipal coverage

Briefing

May 19, 2026

Trust Approves Two Housing Assistance Loans

The Trust approved up to $15,000 each in closing-cost assistance loans for buyers at 7A Waitt Drive and 45A Beach Grass Road. It also approved a Request for Information for 71 Surfside Road after prior contractor solicitations received no bids.

2 min readMunicipal coverage

Briefing

May 8, 2026

Trust Enters Closed Property Discussion

The Affordable Housing Trust voted unanimously, 4-0, to enter executive session to consider the purchase, exchange, lease, or value of property at 158 Madaket Road. The minutes record no further public discussion or decision because the meeting did not return to open session.

1 min readMunicipal coverage

Briefing

Apr 28, 2026

Trust approves four affordable homes

The Affordable Housing Trust unanimously approved agreements supporting Habitat for Humanity Nantucket’s acquisition of 20 Nancy Ann Lane and development of four affordable single-family homes. The project aims to begin construction in summer 2026, with completion and occupancy expected in summer or early fall 2027.

1 min readMunicipal coverage

Briefing

Apr 21, 2026

Trust Approves Housing Property License Agreement

The Affordable Housing Trust approved and authorized a license agreement for 135 and 137 Orange Street and 12 and 12R Bartlett Road, subject to review by Town Counsel. Affirmative Investments will be responsible for borings and surveying under the agreement.

1 min readMunicipal coverage

Briefing

Apr 7, 2026

Trust Approves Two Housing Assistance Awards

The Affordable Housing Trust approved up to $15,000 in closing-cost assistance for each of two home purchases: 10 Evergreen Way and 7B Waitt Drive. It also approved a FY2027 Community Preservation Committee grant agreement and authorized acceptance of the deed and closing documents for 158 Madaket Road.

1 min readMunicipal coverage

Briefing

Mar 17, 2026

Trust Enters Executive Session on Property Deals

The Affordable Housing Trust voted 5-0 to enter executive session to review prior executive-session minutes and discuss the potential purchase, exchange, lease, or valuation of five properties.

1 min readMunicipal coverage

Briefing

Mar 16, 2026

Septic rules sent back for revisions

The Board of Health will coordinate with the Deputy Housing Director to revise proposed septic regulations using recommendations from the Select Board’s letter. Members raised concerns that innovative/alternative systems could cost about $85,000 to $100,000 to install, plus roughly $2,500 annually for maintenance and inspections.

2 min readMunicipal coverage

Briefing

Mar 3, 2026

Trust Enters Executive Session on Two Properties

The Affordable Housing Trust voted unanimously to enter executive session to consider the purchase, exchange, lease, or value of properties at 20 Nancy Ann Lane and 158 Madaket Road, without returning to open session.

1 min readMunicipal coverage

Briefing

Feb 17, 2026

Trust Approves Rental Preservation Pilot

The Affordable Housing Trust approved a $540,000 budget for a three-year Rental Preservation Program pilot expected to sustain approximately 30 rental units.

2 min readMunicipal coverage

Briefing

Feb 3, 2026

Housing Trust Adopts Rental Preservation Rules

The Affordable Housing Trust unanimously adopted Rental Preservation Program guidelines limiting eligibility to households at or below the maximum area median income allowed under its Declaration of Trust. It also approved releasing a request for qualifications for a program administrator, while deferring the program budget to February 17.

2 min readMunicipal coverage

Briefing

Jan 22, 2026

Trust Approves Madaket Road Purchase

The Affordable Housing Trust unanimously approved a $2,000,000 purchase and sale agreement for 158 Madaket Road, with closing scheduled for March 9, 2026. The completed project is expected to provide three homeownership units with eight bedrooms in total, funded through a 2024 Town Meeting authorization.

1 min readMunicipal coverage

Briefing

Jan 20, 2026

Two Deed Restriction Proposals Advance

Two of six Year-Round Deed Restriction Pilot Program applications advanced for further review; three failed minimum requirements and one was rejected for insufficient information. The re-released application period remains open through January 28, 2026, with awards planned for February 27, 2026.

1 min readMunicipal coverage

Briefing

Jan 13, 2026

Two Housing Applications Advance, One Rejected

The committee unanimously recommended advancing the James Ranney and Ron and Teal Beal applications in the year-round deed restriction pilot, while rejecting Robert Kucharavy’s application and advising him to reapply.

2 min readMunicipal coverage

Briefing

Jan 6, 2026

Trust Approves Sparks Avenue Housing Funding

The Affordable Housing Trust approved a $3.714 million grant and loan package for the 32-unit Sparks Avenue project. The funding will secure eight units at 80% of area median income, while all 32 units will be listed as subsidized housing and restricted to year-round occupancy.

1 min readMunicipal coverage

Briefing

Dec 16, 2025

Trust backs 250% housing income threshold

The Affordable Housing Trust voted 5-0 to authorize staff to seek a 2026 Town Meeting warrant expanding Nantucket’s attainable-housing income limit to 250% of area median income, or $408,750. The Trust also directed staff to continue developing a year-round rental preservation program using the less expensive budget options.

2 min readMunicipal coverage

Briefing

Dec 10, 2025

Trust approves Ticcoma Green housing financing

The Affordable Housing Trust unanimously approved executing closing documents for Ticcoma Green, a 64-unit rental project at 6 Fairgrounds Road and 4 Waitt Drive. The Trust is contributing $8.7 million through two loans, supporting 55 affordable and workforce units.

2 min readMunicipal coverage

Briefing

Dec 2, 2025

Trust Authorizes $550,000 for Lease to Locals

The Affordable Housing Trust unanimously authorized $550,000 to continue the Lease to Locals program. The meeting also noted that 28 units at Richmond Development’s Meadows I were added to Nantucket’s Subsidized Housing Inventory.

2 min readMunicipal coverage

Briefing

Nov 18, 2025

Trust approves housing assistance and pilot grant

The Trust approved increasing Elvis Butler’s closing-cost assistance loan from $5,350 to $15,000 and subordinating its mortgage to a construction-to-permanent loan. It also approved a pilot marketing partnership with Habitat for Humanity Nantucket, requiring engagement tracking and a report back to the Trust.

2 min readMunicipal coverage

Briefing

Oct 21, 2025

Trust Approves RFPs for Two Properties

The Affordable Housing Trust voted 4-0 to declare properties at Unit C, 8 Thirty Acres Lane and 14 Somerset property surplus and authorize Requests for Proposals for their disposition. The Trust also unanimously approved a joint letter on draft seasonal-community regulations.

1 min readMunicipal coverage

Briefing

Oct 14, 2025

Waitt Drive affordable homes near completion

Habitat for Humanity Nantucket reported that six Waitt Drive homes are nearly complete, with two families already moved in. The project has received $4 million from the Affordable Housing Trust and $360,000 from the Community Preservation Committee; about $3 million has been used so far.

1 min readMunicipal coverage

Briefing

Sep 30, 2025

Boards Discussed Year-Round Housing Solutions

Nantucket boards identified permitting complexity, workforce housing, missing-middle housing, zoning, and interdepartmental communication as priorities for expanding year-round housing. A follow-up meeting was suggested after the Select Board’s strategic planning session and the November special town meeting.

2 min readMunicipal coverage