Real Estate
A proposal to create a Martha’s Vineyard housing bank appears to be headed to voters in the spring after the Edgartown and West Tisbury select boards agreed this week to put a revised version of the article on their annual town meeting warrants.
The Martha’s Vineyard Land Bank reported revenues of $597,210 for the business week ending on Friday, Dec. 31, 2021.
Following on the heels of Edgartown’s 2-1 vote Tuesday, the two-member West Tisbury select board agreed Wednesday to place the revised Islandwide housing bank article on this year’s annual town meeting warrant.
Martha's Vineyard Land Bank Commission purchased Lot 1 on Lobsterville Road in Aquinnah from David Lynch Trs., Peter Lynch Trs., Laura Lynch Trs. and Lynch Realty Trust for $2,150,000 on Dec. 30.
Capping weeks of debate, the Edgartown select board voted 2-1 Tuesday to place a revised housing bank article on the warrant for the April annual town meeting.
Aimed at protecting West Tisbury’s country-village character, a draft bylaw limiting the size and scale of new residential construction will have its first public review Jan. 10.