Dear NAREB Member,

Happy autumn to each of you! Thank you to those Full Member Principals who attended our first in-person meeting (in two years) this morning. Following is some useful information and feel free to reach out to any member of the Ex. Board with suggestions or questions.

Penny Dey

SHORT TERM RENTAL UPDATES

The Select Board is meeting tonight at 5:30 in person and also remotely to review the regulations and appoint the remainder of the seats on the Short Term Rental Workgroup.   

DRAFT REGULATIONS CAN BE FOUND HERE.

AGENDA AND INSTRUCTIONS FOR JOINING SELECT BOARD MEETING

NAREB MEMBERSHIP NEWS

                      Carl Lindvall transfer to Elliman

William Sarnie to Congdon and Coleman

Judy Macleod to Jordan

    Hugh Robbins to Congdon & Coleman

LINK REMINDER

When entering a listing in LINK it is required to fill in the owner/seller as it appears on the deed instead of putting "Owner of Record" or "Owner". Please make sure that your listing data is correct for all of your current listings by October 21, 2022.

Thank you for your attention to this.

NAREB FULL MEMBER MEETINGS

Wednesday, October 19, 2022

Wednesday, November 16, 2022

As of today, we are meeting in person again at the Hayloft at Bartlett's Farm. Meetings start at 9:00 AM.

ACTION IN THE AFFORDABLE HOUSING WORLD

As we know, our community has been very generous funding affordable housing initiaves in the past few years.  For anyone who was unable to attend the State of Housing Workshop a few weeks ago - here is a link to the presentation which provides a comprehensive outline of progress and planning.

STATE OF HOUSING PRESENTATION

COVENANT UPDATES

There are funds available to help create covenant properties:

The Covenant Formation Assistance Program (CFAP Application) is a Town program to assist with funding for owners who are creating a covenant lot. No interest loans, for up to $10,000, are available 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.

And, there are funds to help buyers close on a covenant property.

Please contact Housing Nantucket for info.

It is possible to create a covenant property within the same family EVEN IF YOU DO NOT MEET THE ASSET AND INCOME REQUIREMENTS. This is a very powerful tool to enable people to remain in their homes as they age and to be able to help the next generation.

Please contact Housing Nantucket for more specific information.

NOM COMM

The 2023 Nominating Committee was appointed by the Ex. Board and includes:  Greg McKechnie, Chair, Michael O'Mara, Outgoing Ex. Board Member, Robert Sarkisian and Stephen Welch.  If you are a Full Member Principal and have an interest in serving in 2023, please contact Greg directly.  The terms are for one year.

SPONSOR A TEAM

Fernando Colon-Osorio is sponsoring one of the teams in the Adult Soccer League and encourages any member or office who would like to do the same to contact him directly.  

2022 NAREB Ex. Board

Penny Dey, President

Brian Sullivan, Vice President

Nicole Bousquet, Past President

Susan Shepherd, Treasurer

Kate Sayle, Secretary

Michael O'Mara, Member at Large

Deb Killen, Member at Large