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The Task Force found that the RTE reaches most homeowners facing housing-cost stress but is not efficient because some homeowners with $1.5 million to $2 million homes also receive benefits. Members estimated that landlords may pay $900,000 to $1 million of the subsidy and that about $300,000 is paid by homes above the breakeven point.
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The Task Force is preparing a report on who benefits from and pays for the RTE. Members will combine survey comments and interviews, add comparisons with similar real estate markets, and investigate how the subsidy affects landlords and tenants. The group aims to present its findings to the Select Board on April 12, before Town Meeting.
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