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 - by 2014. 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 an 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" - where residents have to move from seasonal rental to seasonal rental.
  
• 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.