• Developer: Richmond Group
• Number of Units: 28
• Type of Housing: Studio, 1-, and 2-bedroom rental units
• Area Median Income Limit: 80% AMI and Market Rate
• Town Subsidy: $3,725,000 Grant
• Completion Date: June 2025.

Background

In January 2025, the Affordable Housing Trust approved a $3.725 million grant to Richmond Great Point Development to increase the number of income-restricted rental units at the Meadows I community. This initiative added 28 new units to Nantucket's Subsidized Housing Inventory (SHI), supporting the Town's commitment to expanding affordable housing options.