**Rockland Trust Provides $31 Million for Affordable Housing in Oak Bluffs**
The Island Housing Trust, in partnership with Affirmative Investments Inc., has secured $31 million in financing from Rockland Trust to fund the construction of Tackenash Knoll—a new 60-unit affordable housing development in Oak Bluffs on Martha’s Vineyard. Scheduled for completion in May 2027, the project aims to address the island’s significant housing needs.
David Ennis, President of Affirmative Investments, expressed enthusiasm about the development, stating:
“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. 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.”
The neighborhood will consist of 12 two- and three-story townhome-style buildings, totaling 60 rental apartments. The project will also include a small community center and 90 surface parking spaces. Eight of the units are designated for middle-income residents, supporting a mixed-income housing model.
Tackenash Knoll is part of an ongoing effort to meet the growing demand for quality, affordable housing options in the region.
