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Cape and island leaders press for local-option transfer fee, preservation tools to keep year-round residents
Summary
Officials from Nantucket, Martha's Vineyard and Cape Cod told the Joint Committee on Housing that seasonal communities face acute affordability and availability problems and asked for a local-option real-estate transfer fee plus state guidance and funding aligned to land-trust and preservation models.
Leaders from Nantucket, Martha's Vineyard and Cape Cod told the Joint Committee on Housing that seasonal economies, a high share of second homes and constrained land and water resources make their housing challenges distinct from other parts of the Commonwealth.
Brian Sullivan, chairman of the Nantucket Affordable Housing Trust and a local Realtor, said Nantucket voters have approved roughly $140 million for housing investments since 2019 and that the town has produced more than 200…
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