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The Affordable Housing Trust unanimously adopted Rental Preservation Program guidelines limiting eligibility to households at or below the maximum area median income allowed under its Declaration of Trust. It also approved releasing a request for qualifications for a program administrator, while deferring the program budget to February 17.
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The new Rental Preservation Program rules set an income limit for participants and move the Trust toward selecting an administrator. The Trust also adopted updated Lease to Locals guidelines with the same income restriction. Separately, 64 affordable homes added to the Subsidized Housing Inventory extended Nantucket’s Safe Harbor protections through December 10, 2027.
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