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<DIV>A belated update on the BAH and MaineHousing
grants. The auction scheduled for tomorrow is off,
at least for now. I contacted the owner and he said it is not even
for sale at this time and he was working with the bank. I suspect
that this is a temporary situation. </DIV>
<DIV>Mary Terry (Island Fellow), Mary McAleney and myself have been exploring
ways that this or a future foreclosed property might be obtained for year round
housing, rental or otherwise. We also are exploring the new Housing
Grant to see if there are other possible applications
here. Everything we are doing is just exploratory to see what
the possibilities are and how to achieve them. Obviously we cannot do
anything without YRHCorp action. Best, Mark</DIV>
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