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Nantucket Secures $32M for Ticcoma Green Affordable Housing

1/7/2026

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Summary

Story summary

Nantucket secured $32 million in financing for the Ticcoma Green affordable housing project, delivering 64 units with completion expected in 2027.
Nantucket aims to raise the subsidized housing inventory (SHI) to 10% to guard against 40B developments, with SHI at 8%, up from 7%.
The Ticcoma Green development will feature shared amenities.
Costs rose from an estimated $40 million in 2022 to $59.3 million.

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Story summary

Nantucket secured $32 million in financing for the Ticcoma Green affordable housing project, delivering 64 units with completion expected in 2027.
Nantucket aims to raise the subsidized housing inventory (SHI) to 10% to guard against 40B developments, with SHI at 8%, up from 7%.
The Ticcoma Green development will feature shared amenities.
Costs rose from an estimated $40 million in 2022 to $59.3 million.