The Housing Authority maintains a database of those residents interested in affordable home buying opportunities offered on Martha’s Vineyard by towns, organizations or developers. Completion of the Homebuyer Clearinghouse Form allows the Housing Authority to contact households directly when specific opportunities become available.
Affordable Home Ownership is traditionally defined by a household income maximum of 80% of the area median income limit. On the Vineyard, Community Home Ownership addresses household income maximums above 80% and up to 150% of the area median income limit. Lenders typically set practical income minimums and a prospective home buyer’s gross income generally must fall between 50% and 150% of the area median income to satisfy program and lender requirements. Please see the DOCUMENTS page for the current income chart.