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Affordable Housing Trust approves $2 million purchase of 158 Madak Road
Nantucket Affordable Housing Trust · April 7, 2026
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Summary
The trust voted to accept a deed and execute closing for 158 Madak Road, a $2,000,000 purchase intended to host relocated buildings from a land-bank project; staff reported escrow arrangements and required due diligence before closing.
The Nantucket Affordable Housing Trust voted April 7 to accept the deed and authorize closing documents for 158 Madak Road, a parcel the trust will purchase for $2,000,000.
Town counsel described a draft deed presented by the seller (identified in the packet as the trustee of the Carol Arts Revocable Trust), noted a $25,000 escrow…
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