Quick context to catch up fast.
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.
Browse all related coverage for the main local project pages tied to this summary.
Open the committee coverage hubs tied to this summary.
Was this summary helpful?
Your feedback helps us prioritize what to improve next.
The approved funding will help create or preserve year-round housing at 18A–26 Sparks Avenue. Eight of the 32 units will have permanent income-based affordability restrictions, and all units will count toward Nantucket’s subsidized housing inventory. The Trust also approved three mortgage modifications, up to $10,000 for covenant formation assistance at 13 Chatham Road, and announced that Nantucket’s subsidized housing inventory reached 8% after 64 Ticcoma Green rental units were added.
Follow the major takeaways from this briefing.
Action items flagged by the community.
No follow-ups have been shared yet. Add one in the community board below.
Details and records from this meeting.
Fresh records from this municipality.
Know who to contact about the decisions that matter.