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Our Completed ProjectsTwin Oaks, Oak Bluffs The Island Housing Trust purchased a 1.7-acre property including an existing house in Oak Bluffs at a discounted price from the Island Affordable Housing Fund in July of 2005. The Trust also sold a half-acre conservation restriction to the Martha's Vineyard Land Bank. In collaboration with Habitat for Humanity of Martha's Vineyard the existing house was extensively renovated. The house was sold and the land ground leased in 2006 to a household earning 60% or less of the area median income. The Trust moved and renovated two existing houses slated for demolition within the one-acre building envelope through a 40B comprehensive permit. Income-qualified households were selected through a lottery. The two single family houses were sold and the land ground leased to two income qualified households earning 110% and 140% or less of the area median income. Grants from the Island Affordable Housing Fund, the Town of Oak Bluffs, and Habitat for Humanity helped fund the land purchase, the house moves, and house renovations.
