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Affordable Housing Trust authorizes $550,000 to continue Lease to Locals incentives
Summary
The Affordable Housing Trust voted to authorize $550,000 to continue the Lease to Locals owner‑incentive program after a Placemate update showing 44 properties enrolled, roughly 100 people housed and strong renewal rates; board members discussed marketing and budget implications.
The Affordable Housing Trust on Dec. 2 voted to authorize $550,000 to continue the town’s Lease to Locals program, a multiyear owner‑incentive initiative aimed at converting and retaining units for year‑round local tenants.
Placemate consultant Colin reviewed program results before the vote, saying the initiative has enrolled 44 properties and has “broke a 100 total people housed” to date; he reported an average monthly rent of about $3,100 and described a stepped…
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