Affordable Housing Fee at the State House

KB at Statehouse

On Flag day this year, one of our brokers, Ken Beaugrand, a multiple past President of the Nantucket Association of Real Estate Brokers,  went with a ten person delegation from the Town to the Massachusetts state house to testify before the Committees from the House and Senate to allow the town to implement a Home Rule Petition to allow a ½ % fee on the sale of property over $2 million. The purpose of the article was to create funding for the Affordable Housing Trust fund so that it could acquire property and/or build affordable housing for the workers who are critical to the success of our economy here on Nantucket.  It is not clear if the measure will get put forward in this session of the legislature but it is something that the businesses here on Nantucket and the Town will be pursuing as we need to find a solution to this very difficult problem here on our small island.

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