Chilmark Launches New Housing Initiative - The Martha's Vineyard Times

Chilmark leads “Lease to Locals” trend on Martha’s Vineyard with new pilot open now

CHILMARK – The Town of Chilmark on Martha’s Vineyard has kicked off its “Lease to Locals” pilot program, the first on the island offering funding to subsidize full-time rentals. The town will provide a one-time incentive of up to $12,000 to property owners who convert their housing units from short-term rentals or from sitting mostly […] The post Chilmark leads “Lease to Locals” trend on Martha’s Vineyard with new pilot open now appeared first o…

Chilmark launches new housing initiative - The Martha's Vineyard Times

A new incentive program that rewards homeowners for renting to year-round working residents, instead of as short-term rentals, just went live in Chilmark.  Seasonal residents who have a backyard cottage, accessory-dwelling unit, or apartment on their property could make up to $12,000 in their first year of renting as part of a new “Lease to Locals” initiative that officially launched on Monday.  “This allows homeowners to help the community they…