Insight
Local governments are increasingly implementing programs like 'Lease to Locals' to encourage short-term rental hosts to convert properties into long-term housing to address housing shortages.
West Tisbury Joins Lease to Locals Program
Summary
West Tisbury, MA, has joined the 'Lease to Locals' program, an initiative aimed at increasing long-term housing availability by incentivizing STR hosts to convert properties. This move highlights a growing trend of local governments seeking to address housing shortages.
Key takeaway