158 Madaket Road Attainable Homeownership Project

At a glance

• What: 158 Madaket Road attainable homeownership project (partnership with Nantucket Land Bank).
• Status: Update provided October 7, 2026; project timeline and budget details pending.
• Next: Determine project budget and whether additional funding is needed.

Project Details

• Partnership with Nantucket Land Bank
• Craig Piper, SMRT architect, reviewed renderings of final homes
• Kristie Ferrantella, Housing Director, provided timeline for completion and housing unit lottery
• Project budget and additional funding needs to be determined

Sources

• Select Board meeting minutes, October 7, 2026: https://nantucketma.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=37537,plaintext=false)

Log

2026-11-04 - Select Board

Affordable Housing Trust update: the three relocated units (moved from 41 Jefferson Street in May) will be one unit restricted at 250% AMI and two attainable units at 150% AMI. The reconstruction bid was awarded to JJ Cardosi (spelling from captions). The trust's acquisition was about $2 million; the Land Bank covered moving and foundation costs, and financial responsibility shifts to the trust once the buildings are set on foundations.

2026-10-07 - Select Board

158 Madaket Road attainable homeownership project update presented with renderings and timeline; budget and additional funding needs to be determined.