[{"_1":2,"_87":-5,"_88":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6180569,"mediaKeyId","5117456-5025c0b1e46671e55007dc4cabfd51b9","parentId",5117456,"title","Affordable Housing Trust pledges $10,000 to joint transfer-fee study with Martha’s Vineyard and NPDC","audioSeconds",416,"startMs",3804000,"endMs",4220000,"viewUrl","/Search/View?dp=1&key=5117456-5025c0b1e46671e55007dc4cabfd51b9&start=3804&end=4220","thumbnailUrl","https://assets.pipeline.soar.com/5117456-5025c0b1e46671e55007dc4cabfd51b9/thumbnail_3804000.jpg","articleUrl","/articles/6180569/Nantucket-County/Massachusetts/Affordable-Housing-Trust-pledges-10000-to-joint-transfer-fee-study-with-Marthas-Vineyard-and-NPDC","mediaUrl","https://secure.pipeline.soar.com/6180569-eb6e95ec8f36f5e388a1181ef2b601d2/orig.mp4?Expires=1771029582&Signature=Q4SfC4n~yiofkmnjOEciIZDiGU2iZ8WeXlck8WQFwO4eI7Oo3oYwzGMmOtosrEqBuMnt2kOlqvKwn51WRC5iKiq0U237dLuxlMW4hgdFikjvrmW0YuV4cqaFXGIPG8Stlc4f40QRF1u~Ht3pmWEfG9HegHAWNkemTRCSx~ZaU8VMhAL~FzeYR7od4TQBFCMmmsKm50gkfvk~etyybVIkrTIBGQcnILeEc4qtfn9QLTRaQx9Em33meLPmQPHuSfO9lLgDHRNUVtBkn7zp0NrwR9GPaVkTMEte3fStHGZIaY41NOoj~WoWxDkO69w8aApNboDBDTude0QWkA9wNy4IFA__&Key-Pair-Id=KUT5TJCACFTXG","author","Town-County of Nantucket, MA","date","2025-07-02T12:54:54Z","article","The Nantucket Affordable Housing Trust voted July 1 to contribute $10,000 toward a study by the Donahue Institute that will analyze the impact of a real-estate transfer fee on affordable and attainable housing and on the local market. The study is a joint effort with the Nantucket Planning and Economic Development Commission (NPDC) and the Martha’s Vineyard Commission.

Christy, a Housing Department staff member, told trustees the full prescope of services is just under $70,000 and that the cost would be split between the Vineyard commission and NPDC; the trust’s proposed contribution would be $10,000 with NPDC expected to cover the balance of Nantucket’s share. \"The request that I have before you ... is that the trust contribute $10,000 to the study,\" Christy said during the meeting.

Trustees discussed the regional value of coordinated analysis and the study’s potential to provide data for advocacy before the state legislature. Trustee Deborah (surname not specified in transcript) noted that Nantucket and Martha’s Vineyard are the only two Massachusetts communities with land banks and argued that island-level data could rebut claims that a transfer fee would suppress real-estate sales.

Meg Bowers moved the trust’s $10,000 allocation to support the Donahue Institute study; the motion was seconded and approved by roll call. Staff said the Nantucket Planning Commission (NPDC) is expected to vote on its participation on July 14, and the study timeline and scoping documents are publicly posted in the trust packet.

Next steps: NPDC will consider the joint proposal at its July meeting; if NPDC agrees and the Vineyard commission remains a partner, the three parties will proceed with the Donahue Institute scope of services and cost-sharing described in the trust packet.","mediaType","Video","parentTitle","Affordable Housing Trust Open Session - 7/1/2025","oneSentenceSummary","The trust approved a $10,000 contribution to a Donahue Institute study, to be cost‑shared with the Nantucket Planning and Economic Development Commission and the Martha’s Vineyard Commission, to analyze how a transfer fee could affect attainable and affordable housing and the local real estate market.","taxTitle","Nantucket County, Massachusetts","taxId",61456,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6180574,"Affordable Housing Trust will run Lease to Locals program and extends $293,000 in grant funding through Dec. 31",2698,656000,3354000,"/Search/View?dp=1&key=5117456-5025c0b1e46671e55007dc4cabfd51b9&start=656&end=3354","https://assets.pipeline.soar.com/5117456-5025c0b1e46671e55007dc4cabfd51b9/thumbnail_656000.jpg","/articles/6180574/Nantucket-County/Massachusetts/Affordable-Housing-Trust-will-run-Lease-to-Locals-program-and-extends-293000-in-grant-funding-through-Dec-31","https://secure.pipeline.soar.com/6180574-9fd2ff41ed9237279a3202e7b44f025f/orig.mp4?Expires=1771029582&Signature=UfPsNcC7v43VBwgIud81i~4NzRyika9D~IrhWLXUZKI2RNGd0f6KwQE7Az~33d1aAgLNSuxJi-xHZXsBLzO0489uTAFtb02sOi0x8BTY0kZ1jaogtkkRI7e7dolaJy6TitRfXSmNqj-s23WgFlsxIQbrleUGRtsC7q6oBtS0Aty2ADy3VgvRKbTwh9bTFTZSDcQNESGMMEwxR08cYsW-Ix1ki9Nwubj-QIGH9-FWtvOPmKAsx2VRzanpyAF9YFvorbMWWjzVir7BPJuUaeMmPq-HiDAgioOBsaMyea1h00cti3mjiuHOaFZRYvlBB8F087uDXEUDrMad6RRGu3WKuw__&Key-Pair-Id=KUT5TJCACFTXG","The Nantucket Affordable Housing Trust voted July 1 to bring the Lease to Locals program into the trust’s administration starting Jan. 1, 2026, and to allow $293,000 in grant funds to be used through Dec. 31, 2025, with any remaining funds rolled into calendar 2026.

The move followed a staff presentation on the program’s history and finances and a request to extend the current grant while the town develops internal capacity and issues an RFP for a program administrator. Christy, a Housing Department staff member, explained the recommendation while Colin, a Placemate representative, reviewed participation and renewal data.

Colin summarized the program’s early results: “So in year 1, which was the pilot year through ActNow, we had 22 properties.” He told trustees that 13 properties were participating in the current grant year and that renewals and new enrollments created a pipeline the office expects to convert in the fall. Staff described a sales cycle of six to nine months to convert short-term or second-home properties to year-round rentals and noted that tenant availability has not been the limiting factor.

Trust discussion focused on two related items: whether to offer stepped renewals for owners who previously participated, and the timing and mechanics of moving administration in-house. Staff described a three-tier incentive structure (full incentive in year 1, 50% for a first renewal, 25% for a second renewal) and proposed surveying current owners to test retention at lower incentive levels. Budget figures presented by staff included an original pilot allocation near $157,000 (year 1), a roughly $406,000 allocation for incentives in the current grant year, about $203,000 remaining to spend through August, and a $293,000 total in potential grants reflected in the current pipeline. The staff recommendation asked trustees to (1) authorize the trust to assume program administration beginning Jan. 1, 2026, (2) extend the current grant period through Dec. 31, 2025 to allow renewals and additional conversions, and (3) direct staff to survey owners about second renewals and model several incentive scenarios.

Trustee Abby De Molina moved to have the Affordable Housing Trust take on the program starting Jan. 1, 2026; the motion was seconded and approved by roll call. De Molina then moved that the trust authorize use of $293,000 in grant funds through Dec. 31, 2025, with any remaining funds rolled into calendar 2026; the motion was seconded and approved by roll call. Trustees also asked staff to return with survey results and scenario modeling at the next meeting on July 15.

During discussion trustees and staff cited several reasons owners declined renewal in earlier rounds, including plans to sell, family circumstances, and owners’ decisions to resume personal or short-term use of a property. Staff noted that in other markets local short-term rental regulations and registration requirements increase retention by limiting the ability to revert to short-term use — a constraint Nantucket does not have.

Next steps: staff will survey owners for interest in second renewals at stepped incentive levels, develop RFP language for program administration, and return with modeling and a fuller Rooted Renters (rental preservation) proposal at the July 15 meeting.","The Nantucket Affordable Housing Trust voted July 1 to assume administration of the Lease to Locals program beginning Jan. 1, 2026, and to extend $293,000 in existing grant funds through Dec. 31, 2025, while staff surveys owners about renewals and prepares an RFP for administration.","actionData","errors"]

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Affordable Housing Trust pledges $10,000 to joint transfer-fee study with Martha’s Vineyard and NPDC

Affordable Housing Trust will run Lease to Locals program and extends $293,000 in grant funding through Dec. 31