Lease to Locals Program

At a glance

Based on auto-generated captions; names and details may be misheard.

What: multi-year financial incentive for converting short-term rentals or underused properties into year-round rentals for qualified tenants.
Where it stands: the Affordable Housing Trust voted October 20 to endorse year-four changes: year-one incentive up 10%; the year-three incentive stays at 50% instead of dropping to 25% (the biggest drop-off in participation was between years two and three); and three-bedroom properties may have up to four qualified tenants.
Next: an RFP for program administration for year four is being prepared; the program will come before the Select Board at a future meeting, and the Trust will bring funding questions soon.

Details

Year three is ending, and the first participants are facing whether to convert back to short-term rental. One participant sold the home to the tenant; about 50 properties joined.
Presented by Dylan Metsch-Ampel in the quarterly update; board members said programs like this and Rooted Renters Program deliver the most year-round housing per dollar and asked to dig deeper into them.

Sources

Log

2026-11-04 - Select Board

Trust-endorsed year-four changes presented (larger year-one incentive, year-three incentive held at 50%, up to four tenants in three-bedroom homes); RFP in preparation.