Nha Properties Inc

Programs: The most widely known program for housing nantucket is the affordable rental program. Working since 1994, the organization has moved unwanted homes to new sites and created 30 rental units. These homes are available to those earning between 50%-100% of median income-which qualifies a resident for the "ready to rent" list. Applications are accepted on a rolling basis. Dwellings range from one bedroom cottages to four bedroom homes. Each one has been renovated or built to provide quality living environments for the tenants. Units are regularly inspected and upgraded to ensure quality living.

housing recycling program - housing nantucket's house recycling program is a scattered site program that creates affordable year-round rental homes for low and moderate income islanders. House recycling is an innovative and cost effective program where private individuals donate unwanted but structurally sound dwellings. Housing nantucket then relocates, rehabilitates, and rents affordably, using scattered vacant residential lots provided by the town and deed-restricted to affordable housing uses by the nantucket voters. When housing nantucket cannot use structurally sound dwellings that are offered to them through the house recycling program, housing nantucket will sell the dwelling to a third party who is responsible for moving the dwelling via an assignment of the organization's right in the donated property. In addition to creating rental opportunities through a house recycling program, housing nantucket is also working on creating affordable year- round rental homes for low and moderate income islanders via traditional building methods.

the nantucket housing needs covenant program (nhnc program) is a program designed to offer home ownership opportunities to middle income islanders. The nhnc program allows a property owner having more than one residential dwelling on a lot to sell one of these dwellings (at an affordable price), as long as the dwelling has the nantucket housing needs covenant. The covenant, among other things, subjects the home to a sales price formula and a residency/occupancy requirement. The process involves purchaser and seller qualification with housing nantucket, covenanting the home, and creating a condominium ownership of the two dwellings. Current income qualification level for purchasers is less than 150% of hud median family income for nantucket.