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Town approves $1.9M for 9 Goldfinch employee housing; larger Wait Drive municipal housing borrowing fails

May 03, 2025 | Nantucket County, Massachusetts


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Town approves $1.9M for 9 Goldfinch employee housing; larger Wait Drive municipal housing borrowing fails
Town Meeting approved Article 10 as printed, which included authorization of up to $1,900,000 for acquisition of a house at 9 Goldfinch Drive for municipal employee housing; an amendment to delete that acquisition failed. Separately, Article 11 — an authorization to borrow $14 million to design, permit and begin construction of new municipal employee housing at three lots on Wait Drive — did not receive the two‑thirds vote required for passage.

Supporters of the Goldfinch acquisition said the house is move‑in ready, located near central services, and that owning housing for municipal employees lets the town provide stable housing and reduce turnover. Housing Director Christy Ferrantella told Town Meeting that current rental rates for 3‑bed properties range from about $5,500 to $7,500 per month and that owning units locks in costs and avoids market rent volatility.

Opponents questioned costs (purchase price and recurring association/insurance fees) and asked whether construction of dedicated employee housing on town-owned land would be more strategic. An amendment by a town meeting member to strike the $1.9 million from Article 10 was defeated (yes 186, no 573) and the Goldfinch acquisition remained in the article; overall Article 10 passed (two‑thirds required) with yes 624, no 122.

Article 11, which would have authorized $14 million for phased construction of nine homes on Wait Drive (creating up to 25 bedrooms over lots), drew debate about total project cost, staging and whether the $14 million would complete construction of multiple lots. Proponents said modular construction and staged buildout could deliver needed homes for teachers, DPW staff and first responders. Opponents and several town meeting members said the $14 million was an incomplete funding ask and would likely require future supplemental appropriations; that article failed to reach the two‑thirds threshold (yes 432, no 317 — required 499).

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