ACK-Now is a small group of paid lobbyists whose Founding Board Member is Peter McCausland https://www.acknow.org/people/, a part-time resident of Florida who doesn’t need to rent his home. They have put forward Article 90 which would severely restrict a homeowner's right to rent their property. Some of the most harmful elements of Article 90…
All three committees recommended NOT to adopt Article 90.
*After seeing the unanimous NO vote by the Finance Committee, ACK-Now is trying to amend Article 90 to “buy” town votes by eliminating the day-count limit for full time residents, and leaving the conditions as is against part-time residents, which has been criticized as highly prejudicial against part-time residents who pay 85% of residential property taxes. As more than 80% of short-term rentals are offered by part-time residents, the economic impact to the island would continue to be significant.
In summary, this would directly harm the 2,000 families who do short-term rentals as well as hit Nantucket’s principal industry, tourism, especially during the 9 month low season when the island is slow and most needs income. It also presents a risk to the Town of Nantucket’s finances, and would result in cuts to current planned services and improvements.
· Many of our supporters are previous islanders who moved off for a job, a marriage, or to care for a loved one. But they still return every summer and many hoped to retire on island. This article presented a threat to their ability to maintain their home.
· If you gave your home to your children & they ever need to move away for a period or time, this will restrict their ability to maintain income to support the home.
· This will hurt home values. Any time a city wide encumbrance or limitation is placed on real estate, it scares a certain percentage away to other destinations like Martha’s Vineyard, the Cape, the Hamptons.
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