[{"_1":2,"_111":-5,"_112":-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",[32,75,87,99],{"_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",6169746,"mediaKeyId","5402436-e0c50087fdb05c7cc610a15bd8914569","parentId",5402436,"title","Trust approves guidelines and launches application process for year-round deed-restriction pilot with $2 million budget","audioSeconds",1760,"startMs",3600000,"endMs",5360000,"viewUrl","/Search/View?dp=1&key=5402436-e0c50087fdb05c7cc610a15bd8914569&start=3600&end=5360","thumbnailUrl","https://assets.pipeline.soar.com/5402436-e0c50087fdb05c7cc610a15bd8914569/thumbnail_3600000.jpg","articleUrl","/articles/6169746/Nantucket-County/Massachusetts/Trust-approves-guidelines-and-launches-application-process-for-year-round-deed-restriction-pilot-with-2-million-budget","mediaUrl","https://secure.pipeline.soar.com/6169746-577288f5ede1fd0dce4978e5fc287867/orig.mp4?Expires=1775688274&Signature=AeUCdMthDLzRTrgLv2XGVOF9dJn7-1dKpEgzVIx3GaZCZL3s2AlHWuPRB3PyqgvVEHtdvIYcpOiy~hVHnRuF3e5MKEJN6nAnKFL1OewyCH~OmWPXscTRwOjaY2VHKDYrXRqZoF5Fggo4gfpFkXsRNPnB1BbkQZCcMeRtcCYHSTTRd4BhaMIYeNwNQifjRJSuQF-TGFI~x7hO6IiR8dTVggIS2MaXnR0EZO38NNwQkET~W9mk42VCqcPeldm-1CJI-5hLRVzgcy09psIgTUyuy2Q9sQOdWnkp~T-3ux5nld8bKExUoI7yUg5VnaDOLwCYysIWjOfiNNJzDNr5MIrMqQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Town-County of Nantucket, MA","date","2025-07-16T12:38:42Z","article","The Affordable Housing Trust voted July 15 to approve updated program guidelines for a year-round deed-restriction pilot and to authorize staff to work with the finance department to begin accepting applications.
Staff said the pilot carries a $2 million budget and that the town has selected Housing Nantucket as the monitoring agency; a contract with Housing Nantucket is scheduled for Select Board approval on July 23. Housing Nantucket will handle application intake, income verification for buyers, and long-term monitoring and compliance, staff said.
The program guidelines approved by the Trust require both a year-round occupancy requirement (10 months per year) and an affordability restriction recorded on the deed in perpetuity. Staff said buyers who use the program as down-payment assistance will be income-qualified at the time of purchase and that annual occupancy recertification will be required. If a deed-restricted property is rented, staff said tenants would need to be income-qualified annually.
Trust members discussed operational and legal steps: staff said applications will require an independent appraisal, a title search, and, where a mortgage exists, lender subordination agreements. Vicky Marsh and municipal counsel noted that deed riders and recorded restrictions must comply with land court requirements for registered land and that the town will seek legal and title reviews.
Several members asked about tax and accounting consequences for sellers who accept program funds. Counsel and staff said the town will not provide tax advice and that property owners should seek independent tax counsel because implications vary by household tax situation.
Board members also emphasized the need for public outreach and a clear launch plan. Staff said they would coordinate with the communications department, notify participants who took part in earlier focus groups, and propose a public presentation at a Select Board meeting.
The motion to approve the updated program guidelines and to authorize staff to begin accepting applications was moved by Forrest Bell, seconded by Abby De Molina, and approved by roll call.","mediaType","Video","parentTitle","Affordable Housing Trust Open Session - 7/14/2025","oneSentenceSummary","The Affordable Housing Trust voted to approve updated program guidelines for a year-round deed-restriction pilot, authorized staff to begin accepting applications and named Housing Nantucket as the monitoring agency; staff said the pilot has $2 million available and that legal, appraisal and title steps will be required.","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},6169752,"Trust approves study to explore \"Rooted Renters\" preservation program modeled on Truckee and Ketchum",1386,1990000,3376000,"/Search/View?dp=1&key=5402436-e0c50087fdb05c7cc610a15bd8914569&start=1990&end=3376","https://assets.pipeline.soar.com/5402436-e0c50087fdb05c7cc610a15bd8914569/thumbnail_1990000.jpg","/articles/6169752/Nantucket-County/Massachusetts/Trust-approves-study-to-explore-Rooted-Renters-preservation-program-modeled-on-Truckee-and-Ketchum","https://secure.pipeline.soar.com/6169752-a9f0084db32f299d21bf277256f19ba5/orig.mp4?Expires=1775688274&Signature=L7fjbvFaG8CWZJiBE2WXwraj6mswWvyddPW76ym9~squ5Ut5KZsCrPpz~34L06rqBD0aTzuxjrFdGLr1n5QG574Makp-I9NtLiKVac2XS~bM-yJtASiKLbRxrIQ0JMybir6wKsxj43dEVYHyEZWCducZoqipWqFMF4nAdGwlFgXDBkIi93FuhSmQTBNh4MLOo~uR2ZbXPRVLBQzlYSogEHNy5FsbrelpV2q3OPwrT3-cTCYrJehnb1jHx7jXarU5pZVMf3pRxRarwo22foa~lxXqsdlDMQ797PmJldmnkPGsL2q9v9kdmkicKlt7FCX7kumxUQ0cVptIon55iEP87A__&Key-Pair-Id=KUT5TJCACFTXG","The Affordable Housing Trust voted July 15 to authorize staff to issue a scope of work to hire a consultant to study and design a preservation program called Rooted Renters, modeled on programs run in Truckee, Calif., and Ketchum, Idaho.
Consultant Colin described Truckee's program: a three-year, backloaded incentive tied to unit size, rent caps by unit size, and an eligibility requirement that at least half the household be locally employed. He said Truckee preserved 23 properties and housed 55 people in the first cohort and committed roughly $500,000 in incentives; town council later approved a second $500,000 for another cohort.
Truckee's model used backloaded payments to discourage owners from selling during the incentive period and applied rent caps tied to unit size. Colin said the program oversubscribed immediately when it launched in Truckee; the town later reserved roughly one-third of funding for existing Lease to Locals landlords and two-thirds for new entrants.
Trust members discussed program design choices: whether to prioritize lowest-rent units, whether to permit existing Lease to Locals participants to join Rooted Renters, and whether tax-abatement or right-of-first-refusal tools could be paired with the preservation incentives. Tracy and others described landlord motivations including tax treatments and the potential value of rights of first refusal or tax relief. Colin recommended a long-term rental survey and tying Rooted Renters to a long-term rental registration program to identify candidates.
The motion to put out a scope of work for a consultant to do preliminary community outreach, program design, and a staffing analysis was made by Brooke Moore, seconded by Abby De Molina, and approved by roll call.
Staff said results from a consultant-led survey would return to the Trust and inform program guidelines, incentive levels, and enforcement approaches.","The Affordable Housing Trust voted to authorize staff to issue a scope of work to hire a firm to study and design a preservation program (Rooted Renters) tailored to Nantucket, including community outreach and staffing analysis.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6169756,"Trust extends Lease to Locals renewals: second-year 50% and third-year 25% payments approved",1015,938000,1953000,"/Search/View?dp=1&key=5402436-e0c50087fdb05c7cc610a15bd8914569&start=938&end=1953","https://assets.pipeline.soar.com/5402436-e0c50087fdb05c7cc610a15bd8914569/thumbnail_938000.jpg","/articles/6169756/Nantucket-County/Massachusetts/Trust-extends-Lease-to-Locals-renewals-second-year-50-and-third-year-25-payments-approved","https://secure.pipeline.soar.com/6169756-dbb5a71d423b69910b5ae6bfd611fe09/orig.mp4?Expires=1775688274&Signature=ShEje64hIaePnKnT1Sm6R9Nge~F9wUDV67ejUtBV7wsoFVZtrSSSvlvsCrXA-wPZqx8KtuxQQsiMk6q3suRNjVd0wNLMrXleIRigcJOQesigwQfpaLx~dWPOlOE0YvQfjvV1SA5wdtUKai6l~F3bGggIfqlfAyGyv6mGshqmWJt09hLOnGnGyIkwdzNOyI6tznrPXawCQ~o7jwI01NiP1Q9cJFx3hgMjmF06F5oRF6yqrb2euoV0vKZ1YH0ABbclUAgzIAV1mSrsuyY3pnpjFBgDxXiz4p2VbuJdadUHImNgxai7zSfDjZg~eng247PnIF3MqMHKObbcl-2Qu876ng__&Key-Pair-Id=KUT5TJCACFTXG","At the July 15 meeting the Affordable Housing Trust approved extending payments for renewals under the town's Lease to Locals program, adopting a step-down incentive structure to preserve year-round rentals.
Under the approved motion, properties that joined in the prior year will receive a second-year payment at 50% of the original grant amount; eligible properties entering a third year will receive a 25% payment. Staff said the extension draws on rollover funding from a prior grant and requires no additional appropriation at this time.
Colin, a consultant working with staff, presented survey results and projections for retention and costs. He said the team reached 14 of 15 property owners the staff contacted about a potential third-year payment. The staff's projection for the third-year payment averaged about $4,500 per unit using a 65% expected retention rate, but staff cautioned the figure could change depending on actual renewals.
Colin summarized a recommended step-down approach that the trust adopted: year 1-to-year 2 renewal at 50% and year 2-to-year 3 renewal at 25%, with a 5% rent increase cap allowed at renewal. Staff said requests to raise rents above 5% would be considered on a case-by-case basis with documentation and review by Housing Nantucket and Housing Department staff.
Trust members debated the rent-cap policy. Penny Dye said she worries the program primarily benefits owners and asked who would judge requests for increases above the 5% cap. Staff suggested requests would be reviewed by Housing Nantucket and Housing Department staff and could be brought to the trust if necessary. Brooke Moore said limited flexibility could prevent displacement in individual cases; Penny and others emphasized careful, case-by-case review.
The motion to extend the program and make the 50%/25% payments was moved by Brooke Moore, seconded by Abby De Molina, and approved by roll call vote. Staff said the extension will run through the end of the year and that any program continuation or budget for the next year would be part of an in-house AHT RFP and budget process.","The Affordable Housing Trust agreed to fund a stepped renewal incentive for the Lease to Locals preservation program: homeowners joining in the prior year will receive a 50% second-year payment and eligible properties will receive a 25% third-year payment using rollover grant funds through year-end.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6169761,"Affordable Housing Trust endorses LAU application for 18–26 Sparks Ave.",380,425000,805000,"/Search/View?dp=1&key=5402436-e0c50087fdb05c7cc610a15bd8914569&start=425&end=805","https://assets.pipeline.soar.com/5402436-e0c50087fdb05c7cc610a15bd8914569/thumbnail_425000.jpg","/articles/6169761/Nantucket-County/Massachusetts/Affordable-Housing-Trust-endorses-LAU-application-for-1826-Sparks-Ave","https://secure.pipeline.soar.com/6169761-0d955e8d2feb417f546dc6925e8e0d33/orig.mp4?Expires=1775688274&Signature=OCnQvMd8fzOw8UyA5Y8OOUU2LsfMuq5RzRIKf--cDM4VzNgLJChoMRxiaKtWzORntmnqCsorfKS4YblX6ToPbyIvM~JhnriY284nrC9dxHpD6o0duGv12siJIkURQPtRDNtSpOTHyppjKORpxPWizZxfKVIvKPPPRGNn0szTuRclnZsT5WBzjWzhRx~zT0EoKcCBDK0bIpv2WmjCJMPAoN-sd~5AZ7sSu4S80Ua66UQJDmflixZYUsxDwfcdw1YQUERPpbk0kinQNN~-c7AL~mgsgIZYXwz6Z6ttie8Fx2XaBtRdYkbSHMIrwjNSR5eioBTh~h~dBeDtpbcsygEmgw__&Key-Pair-Id=KUT5TJCACFTXG","At its July 15 meeting, the Affordable Housing Trust voted to endorse a Local Action Unit application for a proposed 32-unit development at 18 through 26 Sparks Ave. The trust also endorsed a draft local-preference letter that will be considered by the Select Board on July 23.
The developer proposes 32 housing units, eight of which are to be restricted to families earning up to 80% of area median income. Staff said meeting the 25% threshold of units at restricted levels would make the entire development eligible for inclusion on the town's Subsidized Housing Inventory and is part of the state Local Action Unit (LAU) application process administered by the Executive Office of Housing and Livable Communities.
Lynn Sweet of LDS Consulting Group, who said her firm is assisting the development team, described her role in preparing applications and managing lotteries. \"We have also brought in a lottery agent specifically that is going to run the affordable lottery and work on the annual reporting,\" Sweet said.
Trust members asked whether endorsement obligates the trust financially. Staff replied the endorsement of the application and the local-preference letter carries no financial obligation for the trust and is required to move the project toward permitting.
The motion to approve and execute the LAU application, authorize signing any additional documents needed to complete the submission, and endorse the local-preference letter was moved by Penny Dye and seconded by Forrest Bell. The board approved the motion by roll call vote; all members present voted aye.
The LAU application and the local-preference letter will next appear before the Select Board at its meeting on July 23, staff said. The developer's team and town counsel have reviewed the LAU materials and accepted recommended edits provided by staff.
Trust members and staff said Housing Nantucket and the town will monitor compliance and annual reporting if state approval and regulatory agreements proceed.","The Affordable Housing Trust voted July 15 to endorse a Local Action Unit application and local-preference letter for a proposed 32-unit development at 18–26 Sparks Ave.; eight units would be restricted to households at or below 80% of area median income.","actionData","errors"]

Article not found

Trust approves guidelines and launches application process for year-round deed-restriction pilot with $2 million budget

Trust approves study to explore "Rooted Renters" preservation program modeled on Truckee and Ketchum

Trust extends Lease to Locals renewals: second-year 50% and third-year 25% payments approved

Affordable Housing Trust endorses LAU application for 18–26 Sparks Ave.