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Affordable Housing Trust approves covenant-formation assistance loan for 9 Allens Lane
3426457 · May 21, 2025
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Summary
Trustees approved a covenant-formation assistance loan for a homeowner at 9 Allens Lane; the loan covers covenant creation costs and will be repaid on sale so funds can be reused for future covenant formations.
The Nantucket Affordable Housing Trust voted unanimously to approve a covenant formation assistance program loan for 9 Allens Lane, the applicant address listed as Kimberly Beans.
Christie, Housing Office staff and trust liaison, described the program as a trust-administered loan that "helps…
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