The Island Housing Trust and MassHousing have closed on $1.12 million in financing for the seven-unit housing development, a former bed and breakfast in Vineyard Haven.
West Tisbury residents got a chance to weigh in on a proposed bylaw to regulate short term rentals in town at a joint meeting of the planning board and short-term rental committee Monday, Nov. 27.
More than 2,650 properties on Martha's Vineyard have registered as short-term rentals since the state expanded its tax levy on lodging almost three years ago.
Stories of fruitless housing searches and expiring leases are not new on the Island. But this year, the perennial challenge of finding season-long summer housing has reached new heights
The Island Housing Trust and MassHousing have closed on $1.12 million in financing for the seven-unit housing development, a former bed and breakfast in Vineyard Haven.
The booming pandemic real estate market has only worsened the Island’s housing crisis, driving rental prices up and drying up inventory.
It’s been a bust-and-boom year for the summer rental, hotel and lodging business on the Island, after an early wave of mass cancellations.
