**Rockland Trust Provides $31M for New Affordable Housing Community on Martha’s Vineyard**
The Island Housing Trust, in partnership with Affirmative Investments Inc., has secured $31 million in financing from Rockland Trust to construct Tackenash Knoll, a new 60-unit affordable housing neighborhood in Oak Bluffs on Martha’s Vineyard. The development is slated for completion in May 2027.
“Affirmative Investments, Inc. is excited to continue our strong relationship with Rockland Trust, Island Housing Trust, the Town of Oak Bluffs, and the Commonwealth to create 60 new affordable apartments,” said David Ennis, president of Affirmative Investments. “The Island has a tremendous need for homes that are affordable to households across the income spectrum, and Tackenash Knoll provides a safe, affordable home to these individuals and families.”
Tackenash Knoll will feature 12 two- and three-story townhome-style buildings with a total of 60 rental units. The community will also include a small community center and 90 surface parking spaces. Eight of the units will be designated for middle-income households, making the development a mixed-income community.
This initiative marks a significant step toward addressing the affordable housing needs on Martha’s Vineyard.
