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