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Affordable Housing Trust endorses letter to Select Board supporting new Nantucket Land Trust
Summary
The Trust voted to endorse a letter recommending the Select Board sign in support of a community land trust initiative. Staff recommended endorsement, and the vote passed after trustees considered structure and conflict-of-interest disclosures.
The Affordable Housing Trust voted June 17 to endorse a letter in support of the formation of the Nantucket Land Trust and to recommend that the Select Board sign the same letter.
Staff presentation explained that the Nantucket Land Trust would use a community land trust (CLT) model in which the trust owns land while homeowners own structures, a structure intended to improve long-term affordability for year‑round residents. Dylan Mech Ampel said the organization is positioning itself to…
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