There are 102 Housing Needs Covenant properties on Nantucket in which over 400 local people reside. The Covenant Formation Assistance Program (CFAP) is a Town program to help owners who are creating a covenant property. Funds are available, as 0% interest loans, for up to $10,000, to help owners with the associated costs of creating the covenant property including surveying, legal, septic work and permitting. The loan gets paid back when the covenant property sells.
For more information, please contact Housing Nantucket at 508.228.4422 or at housingnantucket@gmail.com