Affordable Ownership Opportunity on Nantucket

 

Sachem’s Path, a 40 home development located on 10 acres, made available by the Town, off of Surfside Road, expects to break ground in 2014.  The developer, Housing Assistance Corporation is working with the Nantucket Housing Authority and recently distributed a survey to gather information from interested islanders.  The houses will be priced to be affordable for mid-income islanders – those making under 150% of Nantucket County’s median income (approximately $60,900 and $190,000 annually).  The 1, 2 and 3 bedroom single family homes are designed to be very energy efficient, reducing the operational costs, and each will have its own driveway and yard.  The homeowners must be able to qualify for a standard mortgage from a bank.  For more information please go to the web site at www.SachemsPath.org.  The deadline for the return of the survey is Monday, January 27th, 2014.

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