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Select Board authorizes $540,000 for three-year rental-preservation pilot
Summary
The board approved the Affordable Housing Trust's request to commit $540,000 over three years for a rental-preservation pilot that will provide staggered incentive payments to landlords who keep units available to year-round renters.
The Select Board unanimously authorized the Affordable Housing Trust to expend $540,000 to launch a three-year rental-preservation pilot aimed at keeping existing year-round rental housing available to local residents.
Christie Fantella, municipal housing director, outlined the program and said the Affordable Housing Trust worked with Placemate to design an application-based program that prioritizes existing year-round tenancies and gives preference…
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