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The Affordable Housing Trust voted 5-0 to authorize staff to seek a 2026 Town Meeting warrant expanding Nantucket’s attainable-housing income limit to 250% of area median income, or $408,750. The Trust also directed staff to continue developing a year-round rental preservation program using the less expensive budget options.
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If Town Meeting approves the proposed change, households earning slightly above the current 240% threshold could remain eligible for certain attainable-housing opportunities. The Trust said rental preservation could provide a lower-cost, interim alternative to building or purchasing housing, while emphasizing the need to retain funds for future projects and debt service. Separately, 31 units were added to the Subsidized Housing Inventory, extending Nantucket’s Safe Harbor through October 31, 2026.
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