Mount Desert 365

Mount Desert 365 (the Corporation) engages in activities to preserve and increase the supply of affordable workforce housing for year-round residents of Mount Desert (the Town) and promote economic revitalization of commercial areas adversely impacted (see Schedule O) by the loss of year-round residents. The Corporation will increase the supply of affordable housing for sale to year-round residents, ensuring that it stays affordable in perpetuity and cannot be acquired by summer residents for seasonal use or vacation rentals. The Corporation has acquired and will develop mixed-use residential/commercial properties for rental on affordable terms to residents and businesses on a year-round basis. This activity will increase the year-round population of people living and/or working in the village, address the need for affordable rental residential options, provide products and services to serve the year-round community, and/or increase the consumer base to support local businesses.