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Select Board approves extension for Tacoma Green affordable housing closing after bat‑related delay
Summary
The Select Board granted an extension so Tacoma Green partners can resolve an environmental issue tied to the northern long‑eared bat and complete financing for a 64‑unit rental housing project that will be added to the subsidized housing inventory.
The Town of Nantucket Select Board voted 4–1 on May 14 to approve an extension to the Tacoma Green land development agreement to allow the developer additional time to resolve environmental and financing issues before closing.
Christy (housing office) told the board the Tacoma Green project would construct 64 rental units serving a range of income levels, including units at 30% of area median income. Developers asked for an extension because of an unexpected constraint involving the northern long‑eared bat that has delayed the environmental clearances lenders require.
Andy Burns, president of Halkayne Management, said the development team has lined up most financing partners and construction arrangements, but…
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