Updated at 11 am, October 10, 2013
The Island Housing Trust (IHT) plans to expand its affordable rental apartment complex at 12 Clam Point Road in West Tisbury with the addition of three new apartments. IHT will hold a ground breaking ceremony for Sepiessa II Apartments, on Thursday, October 17, from 4:30 to 5 pm.[The ceremony had been scheduled for this afternoon, October 10, but IHT announced the postponement this morning.] The apartments will be built on 1.5 acres adjacent to four affordable apartments built in 1996. All seven apartments will be managed by the Dukes County Housing Authority (DCHA) after completion.
IHT, an Island nonprofit that creates and maintains affordable housing on the Vineyard, and the Dukes County Regional Housing Authority are arranging financing. Of the $922,000 project cost, $562,000 will come from West Tisbury Community Preservation Act funds, according to IHT director Philippe Jordi. The Edgartown National Bank will finance most of the balance, he said.
The project includes an upgraded, more efficient septic system that will service all seven apartments.
The property is adjacent to the entrance to the Martha’s Vineyard Land Bank’s Sepiessa Point Reservation.
South Mountain Company of West Tisbury designed the MassSave certified green apartments. Farley Pedler of Drews Cove Builders from Chilmark submitted the winning bid for the project.
The finished apartments will be rented to qualified applicants who meet specific household size and income levels. Interested parties should contact the Dukes County Housing Authority at 508-693-4419.
For more information about the ground-breaking, contact the Island Housing Trust at 508-693-1117. Rain date for the ceremony is Friday,