Year-Round Deed Restriction Pilot Program II

Summary

The Town of Nantucket Affordable Housing Trust Fund (hereinafter "NAHT") is offering a pilot program to create year-round housing as described in the Program Guidelines. The Deed Restriction Program (hereinafter "Program") aims to provide housing stability, security, and affordability for people living or working year-round on Nantucket. Through the Program, the NAHT will offer a financial incentive to Nantucket property owners who place a permanent deed restriction on their homes that will limit the sale or rental of their homes to year-round residents of Nantucket. The NAHT will hold the deed restriction in perpetuity. This Request for Proposal is made in accordance with Massachusetts General Law Ch. 30B §16.

Full description

The Town of Nantucket is located within the County of Nantucket. The Town functions under a Town Manager/Select Board form of government. The Select Board operates under a Charter and enacts policies intended to promote and enhance the general welfare of the Town. In addition to customary municipal operations, the Town operates a skilled nursing facility, a public school system, two wastewater treatment facilities, a housing department, and a solid waste facility.The Town of Nantucket is located 30 miles off the south coast of Cape Cod. It was settled in 1659 and incorporated in 1671. The Town has an annual year-round population of approximately 18,000 and up to 65,000 seasonal residents. The island is 14 miles in length and 3 1/2 miles wide. Nantucket is comprised of residential, commercial, and large tracts of undeveloped land, including a state forest. Transportation routes include a busy airport, a thriving seaport, and a locally maintained road system which includes urban, suburban and rural road systems.

Attachments

• Year-Round_Deed_Restriction_Pilot_Program_II_(Addendum_#2_Revision).pdf
• Subordination_of_Mortgage.pdf
• Sample_Deed_Restriction_(Amended_2.2.26).pdf
• Addendum_No._1_-_RFP_for_Deed_Restriction_Pilot_Program_II_(1.20.26).pdf
• Deed_Restriction_Application_-_Amended_1.29.26.pdf
• Addendum_No._2_-_RFP_for_Deed_Restriction_Pilot_Program_II.pdf
• Sample_Deed_Restriction_(Amended_2.2.26).pdf
• Deed_Restriction_Application_-_Amended_1.29.26.pdf
• Tax_Compliance_Certification_and_Non-Collusion_Form.pdf
• Real_Estate_Transaction_Disclosure_Instructions_and_Form.pdf
• Subordination_of_Mortgage.pdf

Contact

Email:

kferrantella@nantucket-ma.gov

Phone:

(508)228-7200

Title:

Housing Director

Address:

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Addenda

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