Nantucket Trust Approves Raising Attainable Housing Threshold to 250% AMI for Seasonal Communities
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Summary
The Affordable Housing Trust voted to expand the attainable‑housing threshold under seasonal‑community rules to 250% of area median income (about $408,750 for a family of four), following a member motion and roll‑call approval.
The Nantucket Affordable Housing Trust voted to approve raising the attainable housing threshold for designated seasonal communities to 250% of area median income.
Staff member Dylan told the trust that draft state regulations allow seasonal communities to expand their attainable‑housing threshold to 250% of AMI and noted that, for reference, 250% AMI for a family of four would be about $408,750. Member Penny moved to approve the expansion, a motion seconded by Mary. A roll call vote recorded ayes from Abby de Molina, Mary Mack, Doris Bell, Penny Dye and Chair Brian Sullivan, and the motion passed.
Trust members offered little additional debate; staff and the chair thanked members for considering the change in the seasonal communities designation.