JENNEY WAY

The Island Housing Trust purchased an in-town 2.53-acre property in Edgartown and 9 affordable single family houses from the Island Affordable Housing Fund, the developer, in the summer of 2008. This pocket neighborhood was built to high performance building standards by South Mountain Company of West Tisbury and 4 of the houses with solar electric systems were certified and awarded the highest green building standards (LEED Platinum) in the country. The Martha’s Vineyard Savings Bank provided construction financing. In collaboration with the Town of Edgartown and the Dukes County Regional Housing Authority, income-qualified households were selected through a lottery. The 9 single family houses were sold and the land ground leased with resale restrictions to income qualified households earning 80%, 100%, 120% and 140% or less of the area median income. Grants from the Island Affordable Housing Fund, the Town of Edgartown Community Preservation Act (CPA), and Cape Light Compact helped fund the land purchase and construction costs. Photographs taken of the construction process can be viewed at Jenney Way photographs.