{"id":14433,"date":"2026-04-03T09:42:31","date_gmt":"2026-04-03T13:42:31","guid":{"rendered":"https:\/\/www.capelightcompact.org\/?post_type=press-release&#038;p=14433"},"modified":"2026-04-03T09:42:32","modified_gmt":"2026-04-03T13:42:32","slug":"cape-light-compact-awards-2-2-million-dollars-in-incentives-to-affordable-housing-development-in-edgartown","status":"publish","type":"press-release","link":"https:\/\/www.capelightcompact.org\/es\/press-release\/cape-light-compact-awards-2-2-million-dollars-in-incentives-to-affordable-housing-development-in-edgartown\/","title":{"rendered":"Cape Light Compact Awards 2.2 Million Dollars in Incentives to Affordable Housing Development in Edgartown"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>For More Information Contact:&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Margaret Song<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chief Administrative Officer<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">msong@capelightcompact.org<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">508-375-6843<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>PRESS RELEASE<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>For Immediate Release: April 3, 2026<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cape Light Compact Awards 2.2 Million Dollars in Incentives to Affordable Housing Development in Edgartown<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">South Yarmouth, MA \u2013&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cape Light Compact has contributed $2.2 million dollars in energy efficiency incentives to Meshacket Commons, a new affordable housing project developed by Island Housing Trust and Affirmative Investments. The incentives were awarded through Cape Light Compact\u2019s High-Efficiency Multi-Family New Construction Program with enhanced incentives for low-and \u2013moderate income projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meshacket Commons is an income restricted forty-unit affordable housing property consisting of thirty-six rental units and four homeownership units constructed at 38 Meshacket Road in Edgartown. The development will serve residents making 30-100% of area median income (AMI) for rentals and 90-120% AMI for homeownership opportunities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The development is designed to meet and exceed the current Mass Save Residential New Construction Program energy savings baselines. The construction utilizes high-performance design based on Passive House principles.&nbsp;Passive House design focuses on robust insulation and air tightness, high-performing glazing, and simplified mechanical systems to achieve significantly lower energy use while creating a comfortable and resilient space for inhabitants.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meshacket Commons is an all-electric construction with no fossil fuel burning equipment on site. It features high efficiency building envelopes and air source heat pump technology for space heating, cooling, and hot water heating loads. As a result of advanced design choices,, future residents will see reduced energy usage compared to less energy efficient construction practices.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cCape Light Compact is happy to support projects that help ensure the people who work and have roots in our communities can continue to live here while also aiding our region\u2019s transition to a cleaner energy future,\u201d Margaret Song, Cape Light Compact Chief Administrative Officer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe are deeply grateful to Cape Light Compact for its $2.2 million investment through the Energy Efficiency Program. This support helped ensure that all 40 homes in this new neighborhood are truly affordable while meeting high standards for energy efficiency. Cape Light Compact\u2019s partnership demonstrates how smart energy investments can advance both climate goals and housing equity for year\u2011round residents of Martha\u2019s Vineyard,\u201d Philippe Jordi, Island Housing Trust, Chief Executive Officer.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Applications for the rental units closed at the end of 2025 and residents are expected to move in this spring.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meshacket Commons is one of the final projects to receive enhanced incentives through the High-Efficiency Multi-Family New Construction Program, which was phased out at the end of the 2022-2024 energy efficiency plan.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ABOUT CAPE LIGHT COMPACT JPE<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cape Light Compact JPE, is an award-winning energy services organization operated by the 21 towns on Cape Cod and Martha\u2019s Vineyard and Dukes County. The Compact\u2019s mission is to serve its 205,000 customers through the delivery of proven energy efficiency programs, effective consumer advocacy and renewable competitive electricity supply. For more information, visit <a href=\"http:\/\/www.capelightcompact.org\"><u>www.capelightcompact.org<\/u><\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>###<\/strong><\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"4300,12313,4342,12105,12376,12111","_relevanssi_noindex_reason":"","_links_to":"","_links_to_target":""},"class_list":["post-14433","press-release","type-press-release","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cape Light Compact Awards 2.2 Million Dollars in Incentives to Affordable Housing Development in Edgartown - Cape Light Compact<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.capelightcompact.org\/es\/press-release\/cape-light-compact-awards-2-2-million-dollars-in-incentives-to-affordable-housing-development-in-edgartown\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cape Light Compact Awards 2.2 Million Dollars in Incentives to Affordable Housing Development in Edgartown - Cape Light Compact\" \/>\n<meta property=\"og:description\" content=\"For More Information Contact:&nbsp; 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