Nantucket, MA
135/137 Orange Street

135/137 Orange Street

  • Developer: To be Determined
  • Number of Units: Potential of up to 32 units
  • Type of Housing: Preferred Rental development

Background

The Affordable Housing Trust Fund purchased the vacant lots at 135 and 137 Orange Street for $3,862,396.55 in July of 2020. In collaboration with the Trust, the Land Bank purchased 141 Orange in May of 2022 and provided the Trust with an easement on a portion of the lot. The Trust has developed a Request for Proposals (RFP) for the development of these parcels. The potential development could include up to 32 units and 57 bedrooms under current zoning. Under our Workforce Housing bylaw, 25% of the units would be restricted to 80% of Area Median Income or less and all units must be eligible for inclusion on our SHI list. The Affordable Housing Trust used Community Preservation Act (CPA) funds to fund a portion of the purchase.

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Reciba notificaciones sobre los próximos compromisos y las últimas noticias relacionadas con el proyecto.

Fases del proyecto

Purchased by the Affordable Housing Trust Fund
July 2020 - The Orange Street site has the potential for up to 32 units and 57 bedrooms under current zoning.
Nantucket Island’s Land Bank Acquisition of Adjacent Property at 141 Orange Street
May 2022 - In collaboration, the AHTF secured an easement on a portion of this property to support the future development of affordable housing.
135–137 Orange Street RFP
April 2023 - An initial Request for Proposal (RFP) issued by the Affordable Housing Trust Fund for workforce housing at 135 and 137 Orange Street was not accepted due to financial feasibility concerns.

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