Year-Round Deed Restriction Pilot Program II

The Town of Nantucket Affordable Housing Trust Fund is offering a pilot program to create year-round housing by providing financial incentives to property owners who place a permanent deed restriction on their homes, limiting sale or rental to year-round residents of Nantucket. The program aims to provide housing stability, security, and affordability for people living or working year-round on Nantucket. Key aspects of the program include: • Eligible participants must meet income limits and be year-round residents or employees • Properties must be residential, not encumbered by other restrictions, and meet certain conditions • The deed restriction will be perpetual and run with the property • The NAHT will pay up to 20% of the market value of the home for the deed restriction • Properties must be available for closing between January 1, 2026, and December 31, 2026 • Proposers must complete an application, price proposal, and provide proof of homeowners insurance and other documents