When leaders of the Island Affordable Housing Fund (IAHF) say they'll be collecting $14 million within five years, it's clear there's no room for n

NANTUCKET - Walter Beinecke's name is spoken with a sense of awe and an undercurrent of resentment.

It's the story of one Island family's refusal to gouge another year-round family struggling to find a home in an expensive real estate market. It's the story of a real estate broker determined to find the perfect buyer - a moderate-income Island family desperate to buy their own home after a decade of shuffling from one inadequate rental to another.

For once, it's an affordable housing story with a happy ending.

MVC Power of Review on Housing Projects Upheld in Key Ruling by State Land Court

By JULIA WELLS
Gazette Senior Writer

In a groundbreaking decision that affects every town on the Vineyard, the chief justice of the Massachusetts Land Court ruled last week that the Martha's Vineyard Commission has full power of review over low and moderate income housing projects under Chapter 40B, a section of state law commonly known as the anti-snob zoning statute.

The chief justice of the Massachusetts Land Court heard arguments this week in a groundbreaking case that will ultimately decide whether the Martha's Vineyard Commission has the power to review low and moderate-income housing projects under Chapter 40B, a section of state law commonly known as the anti-snob zoning statute.

Housing Crisis Spurs Initiatives

Grim Housing Needs Assessment Underscores Important Search to Ease Lack of Affordable Shelter on the Vineyard

By MANDY LOCKE

Twenty-eight million dollars.

It's less than five per cent of the $6 billion Vineyard housing market. It's only $6 million more than the recent $22 million sale of the former Sharpe house in Edgartown. It's but a $233 contribution from each seasonal and year-round resident.