Affirmative Investments Workforce Housing Project
At a glance
- What: Affirmative Investments workforce housing project on Affordable Housing Trust sites (135 and 137 Orange Street, 12 and 12R Bartlett Road, 16A, 16B and 16C Vesper Lane).
- Status: Multiple funding options under discussion; Affordable Housing Trust has not yet voted.
- Next: Board to receive financing details for each funding option.
Funding Options Discussion
Craig Nicholson, Affirmative Investments, reviewed the proposed project with funding structure options that involve Town funds. Income limits and examples of positions that could benefit from housing were presented.
Kristie Ferrantella, Housing Director and Affordable Housing Trust member, noted the Trust supports moving the project forward but has not yet voted. Discussion covered:
- Availability of funding
- Town Meeting approval requirements
- Borrowing capacity
- Local resident preference
- Municipal employee preference
- Income level accommodation options
Dylan Metsch-Ampel to provide financing details for each option to the Board.
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 town was awarded a $500,000 Housing Choice grant for the workforce housing project on Orange Street and Bartlett Road (street name heard variously in the captions).
2026-10-07 - Select Board
Affirmative Investments workforce housing project on Affordable Housing Trust sites presented; multiple funding options discussed; Affordable Housing Trust has not yet voted but Ferrantella supports moving forward.