Lease to Locals Year Three Funding with Placemate

The Town of Nantucket’s Affordable Housing Trust and Select Board have funded Year Three of the Lease to Locals program with $550,000, administered by Placemate to incentivize property owners to lease to local residents. As of August 2026, Placemate reported allocations to several property cohorts with nearly $449,000 in incentives still available.

Scope & details

The full contract record, as filed.

Contract amount

$550,000

Contract type

OTHER

Contract term

Year Three of Lease to Locals Program (Jan 2026 to Dec 2026)

Renewal date

2026-12-31

Renewal

This is the third year of the Lease to Locals program with Placemate, with Year Three operating on a January–December 2026 program year. The update references renewals of prior cohorts but does not specify formal contract extension terms beyond Year Three.

Document type

AgendaPacket

Source document

Town of Nantucket Affordable Housing Trust Agenda Packet 2026-08-04

Related contracts

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Town of Nantucket Affordable Housing Trust Agenda 2026-08-04

ONGOING

Nantucket Public Schools MA, MassachusettsAug 3, 2026

City of Cannon Beach City Council Agenda 2026-07-07

PENDING

City of Cannon Beach, OregonJul 7, 2026

Town of Nantucket Affordable Housing Trust Agenda Packet 2026-07-07

AWARDED

Nantucket Public Schools MA, MassachusettsJul 7, 2026

City of Cannon Beach Agenda 2026-07-07

Town of Chilmark Housing Committee Meeting Notes 2026-06-24

DISCussed

Town of Chilmark, MassachusettsJun 24, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Nantucket Regional Transit Authority?

PLACEMATE was awarded this government contract by Nantucket Regional Transit Authority, as recorded on August 4, 2026. The contract value is $550,000.

How much is the PLACEMATE contract with Nantucket Regional Transit Authority worth?

The PLACEMATE contract with Nantucket Regional Transit Authority is valued at $550,000.

What type of contract is this?

This is a government contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Nantucket Affordable Housing Trust Agenda Packet 2026-08-04 (AgendaPacket), dated August 4, 2026 from Nantucket Regional Transit Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does PLACEMATE hold?

PLACEMATE may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Nantucket Regional Transit Authority currently buying?

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