At the December 9, 2025 meeting of the Nantucket Land Bank Commission, it was unanimously voted to increase the first-time homebuyer’s (“M”) exemption from $1,200,000 to $1,400,000 effective January 1, 2026. This means that qualified first-time homebuyers are now exempt from the Land Bank fee on the first $1,400,000 of the purchase price, increasing their potential savings from $24,000 to $28,000.