The Martha s Vineyard Times
We’ve been impressed by the careful and thoughtful approach of this coalition.
The effort is focused on state legislation that would allow for housing banks to be created and use a transfer fee, similar to the one that funds the Martha’s Vineyard Land Bank. The coalition is working with communities such as Nantucket, with similar goals.
We like the transfer fee approach because it doesn’t create a battle over tax revenue. We also like that the housing bank is working with the Land Bank to limit the amount of administrative overhead to the housing bank.