In vacation towns, the majority of houses are underutilized second homes. This limits rental supply, which drives up prices and pushes out locals. Many towns build affordable housing to help address this, but building can’t keep up with demand. Placemate adds additional housing now by converting second homes into seasonal or long-term rentals. By unlocking new rentals from existing homes, we’re creating workforce housing at <1% cost of building a new housing unit. We're helping a diverse set of local employees, who were being pushed out of the area, find housing at an accessible price.