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