Housing Nantucket isn’t just our name - its our mission. Formed in 1994, the organization has created 24 rental housing units and helped facilitate over 35 permanent homeownership units. We have also set a goal of creating 100 new units - through rental development, partnerships and homeownership restrictions - in the next 5 years. Nantucket’s housing crisis has been at an all time high for the last ten years - Housing Nantucket is trying to stem that tide.
Nantucket is ranked the second most expensive place to live in Massachusetts (National Low Income Housing Coalition)
Median home prices have often gone above $1.5 Million dollars - this type of mortgage requires a annual salary of over $300,000!
Rentals - during the summer months - can cost over $2000 for a two bedroom basement apartment; creating what is commonly known as the “Nantucket Shuffle.”
Only 8-9% of Nantucket's land is considered buildable, creating a shortage of space on which to build new units. (Nantucket Planning and Economic Development Commission)
For all of these reasons and for the most important reason - Nantucket’s families - Housing Nantucket is working to create more housing opportunities around the island.
Housing Nantucket can be found at:
15 Teasdale Circle
(Off Nobadeer Farm Road)
P.O. Box 3149
Nantucket, MA 02584