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.
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.
