Housing Nantucket reports on house recycling, Lease to Locals and Wiggles Way; trust approves OPM grant extension

Housing Nantucket director Anne Cuspa delivered three substantive status reports to the Affordable Housing Trust: a completed house‑recycling rental at 66 Poetryk Avenue, the second year of the Lease to Locals conversion program, and tenant selection and occupancy status for Wiggles Way (31 Fairgrounds Road). After the updates, the trust approved a grant to extend owner’s project manager services for Wiggles Way.

66 Poetryk Avenue (house recycling) Housing Nantucket said the house‑recycling project converted an existing dwelling into a two‑bedroom, two‑bath year‑round rental targeted for households at or below 50% AMI. The tenant moved in March 1. Anne Cuspa reported the project completed in February, features solar panels and three rentals on the site that share generation benefits, and provides 2,387 square feet of living space. The project budgeted at $560,000 came in modestly higher, largely because of septic and infrastructure upgrades; Cuspa described a construction cost of about $257 per square foot. The Affordable Housing Trust was identified as the major funder (Cuspa said the trust’s grant was approximately $450,000); Housing Nantucket supplemented with fundraising and a Community…