With some details of the proposed housing bank still up in the air, the Edgartown select board remained reluctant to put the issue on this spring’s annual town meeting warrant. A week ago, the board asked town counsel Ron Rappaport to review the warrant article and report back to the board. Rappaport issued a written […]
The Edgartown select board sent the draft Housing Bank warrant article to town counsel for review at its regular meeting Monday as the draft article continues to make the rounds before Island select boards. Select board chair Michael Donaroma said the article will be sent to town counsel Ron Rappaport. “We don’t have much to […]
On Tuesday night the Chilmark select board unanimously endorsed draft legislation for the creation of a Martha’s Vineyard Housing Bank and agreed to place the legislation on the Chilmark annual town meeting warrant. Housing bank coalition coordinator Laura Silber came before the board to pitch the legislation and breakdown its major components. Silber was joined […]
The Oak Bluffs select board voted to enter into a land disposition and development agreement with Island Housing Trust and Affirmative Investments to create affordable housing at the town’s 7.8-acre site on Edgartown Vineyard Haven Road in an area known as the Southern Tier. Affordable housing committee chair Mark Leonard told the board this agreement […]
Throughout the pandemic, the real estate market on Martha’s Vineyard has been red hot. The significant rise in real estate prices and flurry of weekly transactions have generated high revenues for the Martha’s Vineyard Land Bank. Established by an act of the state legislature in 1986, the Land Bank’s income comes from a 2 percent […]