Making shelter affordable rallied Nantucket to action in recent years. To date, Town Meeting voters have awarded over $84 million to meet this challenge. While this is a lot of money, this is believed to be a $1.4 billion problem. Let’s take a look at the current strategy.
The U.S. Department of Housing and Urban Development (HUD) updated Nantucket County’s median family income to $153,100, an increase of 12.3% over last year.
At Housing Nantucket, we understand the pressing issue of housing affordability on our island. Addressing this challenge for residents within a variety of income-brackets is at the core of our mission.
As construction on the Honeysuckle Drive project reaches new milestones, we are thrilled to share the progress and the bright future it promises for Nantucket’s year-round residents.
In a bid to revolutionize the island’s approach towards construction and demolition waste, a cohort from Nantucket attended the Deconstruction + Reuse Conference in Savannah, GA.
The largest affordable housing investment in state history is currently moving through the legislature. Governor Healey and her administration are prioritizing access to housing, as drafted their Affordable Homes Act.
Progress continues on Honeysuckle Drive at the 3-BR homeownership opportunities we currently have under construction. Our goal for this project is to create new stable housing opportunities, permanently designated for middle-income households residing on Nantucket year-round.
Progress continues at Wiggles Way, the 22 unit development of mixed-income affordable housing on Fairgrounds Road. If you’ve been keeping up with our journey, you know this project is an example of what can be achieved through community collaboration and support.
As 2023 comes to an end, our fundraising efforts have shifted into high gear. The urgency to address Nantucket’s housing crisis has never been greater. With your support, we can transform that urgency into action.
Last week, the Healy-Driscoll administration introduced a $4 billion housing bond bank bill. In addition to investments in public housing infrastructure, the bill includes the backing of a real-estate transfer fee sought after by Nantucketers for years.
