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Wade Drive workforce housing funding contingent on two voter approvals, town staff says
Summary
Town staff described a six-unit Wade Drive project to house essential town workers and said funding would be contingent on a Proposition 2½ debt-exclusion vote at town meeting and Question 4 at the town election. The town estimated an average annual tax increase of about $29.95 for a property valued at $2,058,091 with a residential exemption.
A town staff member said funding for a proposed workforce housing project on Wade Drive would depend on voter approval both at town meeting and at the town election.
The town staff member told the meeting that the Wade Drive plan includes three family homes and three duplexes, with up to 20 bedrooms in total, and is intended to provide stable, year-round housing for essential town employees. The official said the funding would be contingent on approval of a Proposition 2½ debt-exclusion vote at town meeting and passage of Question 4 on the election ballot.
Town staff described the uses of the funding as design, project oversight, permitting and construction. Officials said providing workforce housing helps the town retain employees by keeping them living in the community they serve.
The staff member gave a projected tax impact: an affirmative vote at town meeting and at the town election “will mean that the annual tax bill for an average year‑round property valued at $2,058,091 and which qualifies for a residential exemption will increase by approximately $29.95,” the transcript states.
The staff remarks pointed listeners to Article 11 of the 2020 annual town meeting materials and to the town’s information page at nantucket‑ma.gov/atm2020five for further details, and urged participation in both the town meeting and the town election.
If voters approve both ballot questions, town staff indicated the next steps would include finalizing design and beginning permitting and construction. No final appropriation or contract award was recorded in the transcript excerpt provided.
