Island Housing Trust

Name

Island Housing Trust

Legal name

Island Housing Trust

Website

https://ihtmv.org

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Maussane

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Donations and Charitable Contributions: Individual donations at various levels including Supporters Circle ($1K-$4,999 annually), Sustainers Circle ($5K-$24,999 annually), and Leadership Circle ($25,000+ annually). Donations of $1,000+ eligible for 50% CITC tax credit.
2. Social Impact Loans: Short-term Make It Happen Fund and long-term MV Future Financing provide below-market interest loans from socially responsible community members and foundations, reducing cost of development capital.
3. Planned Giving and Bequests: Legacy gifts through wills, living trusts, retirement fund beneficiaries, and insurance policies. Allows donors to leave percentage or specific amounts of estates.
4. Government Grants: Funding from MassDEP Gap Energy Grants, Vineyard Power Resiliency Grants, Community Preservation Act funds from island towns, state Executive Office of Housing and Livable Communities, and MassHousing.
5. Special Programs: Charitable home sales, donor advised funds, IRA charitable distributions, stock donations, and MV Bank partnerships for construction financing.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Island Housing Trust develops, owns, and manages permanently affordable rental and ownership housing on Martha's Vineyard through a community land trust model. The organization retains ownership of land while leasing it to income-qualified residents under a Fannie Mae/Freddie Mac-approved ground lease, ensuring permanent affordability across generations. It also administers down payment and below-market mortgage financial programs (Soft Second Loan, Make It Happen Fund, MV Future Financing) to support residents and fund development.

Product overview

Island Housing Trust operates as a nonprofit community land trust and state-certified Community Development Corporation offering a portfolio of permanently affordable housing products and financial programs. The core offerings consist of rental housing developments (including apartments, duplexes, and multi-family buildings) and ownership homes across Martha's Vineyard, managed through a ground lease model that retains IHT ownership of land while leasing to residents. The housing portfolio includes named developments such as Meshacket Commons, Kuehn's Way, Tackenash Knoll, Veterans Housing, and numerous neighborhood projects across multiple towns. Financial products include the Soft Second Loan Program for homebuyers and social impact investment vehicles (Make It Happen Fund, MV Future Financing) that provide development capital. The organization focuses on conservation-based building practices including passive house standards, all-electric designs, and solar installations enabling zero-net energy usage.

Differentiator

Problem solved

Functional benefit

Products and services

• Meshacket Commons A neighborhood of 40 year-round, permanently affordable homes (36 rental apartments and 4 ownership homes) in Edgartown serving more than 100 year-round residents; features zero net energy possible homes supported by solar incentives and efficiency rebates from Cape Light Compact and Vineyard Power.
• Tackenash Knoll An upcoming neighborhood of 60 permanently affordable, year-round rental apartments in Oak Bluffs, planned as passive house aligned, all-electric with solar panels; located at 85 Edgartown-Vineyard Haven Road.
• Kuehn's Way Apartments A neighborhood of 20 year-round, permanently affordable rental apartments in Tisbury consisting of 10 duplex buildings in 5 clusters; includes a solar array enabling zero-net energy usage for all homes.
• Veterans Housing (Bellevue Veterans Community) A neighborhood of 12 permanently affordable one-bedroom rental homes for veterans in Oak Bluffs, with a community room and wraparound supportive services provided by the Cape and Islands Veterans Outreach Center.
• Carl Widdiss Way Four year-round, permanently-affordable rental homes in Aquinnah, including two one-bedroom and two two-bedroom apartments within two free-standing buildings.
• Hanover House A former B&B in Tisbury repurposed as year-round rental housing for hospital employees, providing 12 private rooms and baths in the main house and 3 apartments in a separate building.
• Eliakim's Way Eight single-family houses in West Tisbury designed with high performance building standards, LEED platinum certified, approaching net-zero energy use.
• Jenney Way Nine affordable single-family houses in Edgartown, with 4 homes certified LEED Platinum, built by South Mountain Company.
• Scott's Grove Nine year-round affordable rental apartments in West Tisbury, home to twenty island residents and their families, built to energy efficient standards.
• Lamberts Cove A pocket neighborhood of 4 single-family houses in Tisbury built to Energy Star Plus standards, preserving half of the 3-acre property's natural wooded surroundings.
• Wentworth Way/Lake Street Six townhouses (3 duplexes) within walking distance of downtown Vineyard Haven, built to MassSave Tier III standards for maximum energy efficiency.
• Greenwood Ave. Six townhouses (3 duplexes) in Tisbury built to high performance building standards within walking distance of downtown Vineyard Haven.
• Daggett Ave. Two 3-bedroom homes in Tisbury created by repurposing an existing main house, sold to income-qualified families.
• Harpoon Lane Three single-family houses created through a private land donation, built using South Mountain Company's M-Line house design.
• Water Street Apartments

Quantifiable outcome

• 174 permanently affordable homes created for 400+ residents over 20 years
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered core and supporting.

• Cape and Islands Veterans Outreach CentercoreStrategic or Co-development Partner · 1 November 2023Partner for Bellevue Veterans Community project providing 12 affordable apartments for veterans with ongoing customized wraparound supportive services.
• Affirmative InvestmentscoreStrategic or Co-development Partner · 1 November 2021Development partner for Tackenash Knoll (60-unit affordable housing project) and Meshacket Commons (40-unit development). Co-developer on multiple housing projects using town-owned land.
• Dukes County Regional Housing AuthoritycoreStrategic or Co-development PartnerKey housing agency partner for homebuyer selection, lottery processes, and rental property management services across multiple developments.
• Martha's Vineyard HospitalcoreStrategic or Co-development PartnerHealthcare partner for creating year-round rental housing for hospital workers. Hanover House provides homes for essential healthcare providers.
• LDa Architecture and InteriorssupportingTechnology or IntegrationArchitecture firm providing design services for multiple housing developments including Wentworth Way, Greenwood Ave, and Scott's Grove.
• South Mountain CompanysupportingTechnology or IntegrationDesign and build contractor for eco-friendly LEED Platinum houses at Eliakim's Way, Jenney Way, and Harpoon Lane developments.
• Town of Oak BluffscoreStrategic or Co-development PartnerMunicipal partner providing town-owned land for Tackenash Knoll (7.8 acres) and Bellevue Veterans housing (3.4 acres) projects.
• Town of EdgartowncoreStrategic or Co-development PartnerMunicipal partner for Meshacket Commons 40-unit development on town-owned land.
• Town of TisburycoreStrategic or Co-development PartnerMunicipal partner providing land for Wentworth Way, Lamberts Cove, and other pocket neighborhoods through Affordable Housing Committee.
• Town of AquinnahcoreStrategic or Co-development PartnerMunicipal partner for Carl Widdiss Way 4-unit rental development behind Aquinnah Town Center.
• Martha's Vineyard Land BankcoreStrategic or Co-development PartnerConservation partner for purchasing easements protecting open space (8.9 acres at Kuehn's Way) and joint purchase of parcels for Eliakim's Way.
• Island Affordable Housing FundcoreStrategic or Co-development PartnerNonprofit partner promoting stable year-round housing by purchasing deed restrictions, providing down payment assistance, and preserving buildings.
• Cape Light CompactsupportingStrategic or Co-development PartnerEnergy efficiency programs providing rebates and solar incentives for Meshacket Commons and other developments.
• The Community BuilderssupportingImplementation/ SI/ Consulting PartnerNonprofit providing rental property management services for Kuehn's Way neighborhood.
• Habitat for Humanity of Martha's VineyardsupportingStrategic or Co-development PartnerPartner that built one LEED Platinum house at Eliakim's Way with a Habitat family and volunteers.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• Facebookfacebook.com/profile.php

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Island Housing Trust