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Nantucket Affordable Housing Trust approves $2 million purchase for three-unit attainable homeownership project
Summary
On Jan. 22, 2026, the Nantucket Affordable Housing Trust unanimously approved a $2.0 million purchase-and-sale agreement for a property identified in the transcript as 158 Madaket Road to be developed as a three-unit attainable homeownership project targeting households at 150%–240% AMI.
The Nantucket Affordable Housing Trust voted unanimously on Jan. 22, 2026, to approve a $2,000,000 purchase-and-sale agreement for a property identified in the meeting transcript as 158 Madaket Road to be used for an attainable homeownership development.
Trust Chair Brian Sullivan opened the remote meeting and introduced an item from the housing department seeking authorization to execute the agreement. Housing staff member Christie presented the request and said, “The purchase of this property is $2,000,000, and that will come out of our authorization,” noting the Trust previously was authorized to borrow up to $45,000,000 and has about $39,000,000 remaining in that authorization.
Christie told…
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