Vineyard Affordable Housing Gets $31M Construction Loan
Rockland Trust provided a $31 million construction loan for what’s being billed as the largest year-round affordable housing development on Martha’s Vineyard.
On Wealthy Martha’s Vineyard, Costly Housing Forces Workers Out, Threatens Public Safety
There are plenty of jobs, but restaurants and stores often can’t find enough staff because workers can’t afford to live there. Officials worry public safety is being compromised because they can’t retain or lure correctional officers or 911 dispatchers.
Communities Lobby Beacon Hill for New Transfer Tax
After years of unsuccessful attempts to give cities and towns the option to tax home sales to support local affordable housing, advocates this session are putting forward a new version of the bill with more flexibility for municipalities to choose a plan that works for their community.
BayCoast Mortgage Acquires Martha’s Vineyard Mortgage
Vineyard Haven-based Martha’s Vineyard Mortgage will retain its name and become a division of BayCoast Mortgage Co.
Shortage Means Long-Term Homes for MV Refugees Still Missing
Most of the roughly 50 Venezuelan migrants who were flown to Martha’s Vineyard last month at the behest of Florida Gov. Ron DeSantis are still being lodged at Joint Base Cape Cod.
This Season in History: First Summer for a Vineyard Landmark
For 110 years, Shearer Cottage has been a tentpole for the Black community on Martha’s Vineyard and a gathering place for the great and humble alike.
Neighbors Contest Relocation of Vineyard Hotel’s Pool Bar
An Edgartown hotel’s relocation of its outdoor pool bar is stirring up a hornet’s nest of litigation on Martha’s Vineyard.
Martha’s Vineyard, Nantucket Face Dire Future from Climate Change
The famous islands of Martha’s Vineyard and Nantucket in Massachusetts are facing serious impacts from rising sea levels and more powerful coastal storms driven by climate change, a new environmental report released Wednesday warns.
Housing Shortages Create ‘Near-Existential Crisis’ for Cape, Islands, Leaders Say
The lack of affordable housing on Cape Cod,...
Mass. Spring Mortgage Activity Up Over Past Two Years
The 2021 spring mortgage season in Massachusetts has outpaced the last two years, with more home buyers taking single-family and condominium purchase mortgages between January and May compared the same periods in 2019 and 2020.
Second Home Demand Soars 84 Percent, Mortgage Data Says
A new analysis of nationwide mortgage application data shows just how much demand for vacation homes has grown during the pandemic.
Jackie Onassis’ Vineyard Getaway Sold to Preservationists for $27M
The Martha’s Vineyard estate of former first lady Jacqueline Kennedy Onassis is being sold to a pair of nonprofits that plan on turning the property into conservation land open to the public, officials said Thursday.
Report: Vineyard House Eyed by Obamas Now Under Agreement
The former First Family could be one step closer to becoming Martha’s Vineyard residents.
With Vineyard Buy, What Could Obama Be Thinking?
Increased tidal flooding washed away $273 million in real estate valuations along the Massachusetts coastline from 2005 to 2017, according to a study by Columbia University and the First Street Foundation. Yet the buyers keep coming.
East Coast Governors Join Baker to Push Feds on Offshore Wind
The governors of five East Coast states are urging federal regulators not to put any additional roadblocks in the way of the country’s nascent offshore wind industry.
Despite Feds’ Delay, Vineyard Wind Committed to Project
Vineyard Wind on Monday vowed that it will move forward with its $2.8 billion, 84-turbine wind farm project despite a new delay caused by the federal government, though the project will take shape on a new, yet-to-be-determined timeline.
New Delay for Giant Vineyard Wind Project Threatens Supply Chain
Vineyard Wind, the $2.8 billion, 800 megawatt wind power project planned for the waters off Martha’s Vineyard, has been delayed and will not move forward on the timeline it has been anticipating due to a federal agency’s decision to undertake a broad study of the potential impacts of offshore wind projects planned up and down the coast.
Cape Officials Plead for Real Estate Tax to Help Build Housing
In the midst of vacation rental season, housing officials from Nantucket made the trek to Beacon Hill to join their state senator in a call for new tools, including a real estate transfer tax, help create attainable housing for year-round Cape and islands residents.
Massachusetts Will Double Investment in Wind Power
The Baker administration is on board with pursuing additional renewable energy procurements that would double the amount of possible offshore wind power in Massachusetts, enough to provide roughly a third of the state’s electricity demand.
Hornsea Divestment Limits Financial Impact of Orsted’s U.S. Investments
Orsted’s acquisition of Deepwater Wind, a move designed to strengthen the company’s position in the U.S. offshore wind market, is positive from a business risk perspective but will have a negative impact on Orsted’s leverage
