Island Housing Trust seeks bids for Tisbury townhouses

The Island Housing Trust (IHT) is soliciting bids from qualified general contractors for the first phase of construction of a property on Lake Street in Vineyard Haven.

The town of Tisbury transferred the Lake Street property to IHT for the construction of six townhouses, that will be sold affordably to working Island families and individuals for between $175,000 and $225,000, according to a press release. “This type of public/private partnership has been shown to create cost efficiencies, eliminate costly public procurement and construction requirements, create local jobs, and ensure that public and private investments made in town-sponsored workforce housing solutions remain permanently affordable for this and future generations of island homebuyers,” Philippe Jordi, IHT executive director, said in a press release.

Qualified contractors may download a copy of the RFP at www.ihtmv.org/LakeStreetRFP.shtml.

For more information call 508-693-1117 or write to IHT@vineyard.net.