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Select Board authorizes $540,000 for three-year rental-preservation pilot

Nantucket Select Board · March 5, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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