FHLB Boston Grant Award

The Federal Home Loan Bank of Boston has awarded the Island Housing Trust a $390,000 grant through the Edgartown National Bank for the construction of six new energy efficient Water Street rental apartments in downtown Vineyard Haven that will serve low-income residents. 123 applicants from across the New England region competed for over $15 million in grant funding. The Island Housing Trust’s application was selected 15th out of the 32 awarded.  In addition, the Edgartown National Bank has provided the Island Housing Trust with an 18-month construction loan that will convert to a permanent loan.

This is the third year in a row that the FHLB Boston has awarded a project grant to the Island Housing Trust. Additional funding was also made possible by the Towns of West Tisbury and Tisbury’s Community Preservation Act, Charlesbank Homes, the Zeitgeist Foundation, Kuehn Charitable Foundation, and donations from individuals.

Farley Built, Inc. from West Tisbury has begun construction, and the apartments are scheduled to be completed in June of 2016.

 

Water Street Rendering for web

Groundbreaking at Water Street – Moved to Wednesday December 9th!

Join us for a groundbreaking ceremony at our Water Street Apartments project location!

Wednesday, December 9th at noon

The short ceremony will include a few words from Island Housing Trust Executive Director Philippe Jordi and Tisbury Selectman Tristan Israel

Located at Five Corners in Vineyard Haven, across from the Black Dog Bakery

Hot cider and donuts will be served 

For more information contact Derrill Bazzy at dbazzy@ihtmv.org

It’s #GivingTuesday!

You can make an impact this holiday season!

Today is ‪#‎GivingTuesday‬, and we’re kicking off our year-end campaign to raise the rest of the funds to build six permanently affordable, energy efficient apartments on Water Street in Vineyard Haven. So far we’ve raised over $1,000,000 but we still have $137,000 to raise by the end of the year or we risk having to delay the project for an entire year!

Your donation will make twice the impact. An anonymous donor has agreed to match the first $50,000 of funds raised!

We have Community Investment Tax Credits available! Donate $1,000 or more and get 50% back in tax credits from the state of Massachusetts.

Contact Sophie for more info at 508-693-1117 ext 3 or sabrams@ihtmv.org

IHT-thermometer-graphic dollars

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Homebuyer Informational Tour

The Island Housing Trust invites all income qualified homebuyers to an informational tour of the three-bedroom house at 42 Richmond Avenue in Oak Bluffs selling for $225,000. Depending on your family size, if you’re earning no more than $46,100 to $71,100 you could own your own home.

Saturday, November 21st

1:00pm-2:00pm

42 Richmond Avenue, Oak Bluffs

The deadline for applications is November 30, 2015.

For more information, contact Philippe Jordi at pjordi@ihtmv.org

Today! Business Housing Symposium

You’re Invited:Business Housing Symposium

The Island Housing Trust and the Harbor View Hotel are co-hosting the second

Business Housing Symposium 

Monday, November 16th

4 – 6pm
Lighthouse Grill at the Harbor View Hotel

In March, IHT hosted the first symposium and had an excellent discussion where information was gathered about the current issues and needs of business owners and employers and the struggles they face in finding safe, reliable and affordable housing for employees. Now IHT is going to offer ways that YOU can get involved and help create more workforce housing.

Please RSVP to Sophie Abrams at sabrams@ihtmv.org

Light refreshments will be provided

For more information, contact Sophie at 508-693-1117 ext.3 or sabrams@ihtmv.org

Come be a part of the solution! We hope to see you there!