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<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><FONT size=3><FONT face="Times New Roman">Year Round Housing
Corporation<o:p></o:p></FONT></FONT></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><FONT size=3><FONT face="Times New Roman">Town of <st1:City w:st="on"><st1:place w:st="on">Long
Island</st1:place></st1:City><o:p></o:p></FONT></FONT></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><B style="mso-bidi-font-weight: normal"><FONT size=3><FONT face="Times New Roman">Wharf Street - <st1:address w:st="on"><st1:Street w:st="on">Box</st1:Street> 263</st1:address><o:p></o:p></FONT></FONT></B></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><FONT size=3><FONT face="Times New Roman"><st1:place w:st="on"><st1:City w:st="on"><B style="mso-bidi-font-weight: normal">Long
Island</B></st1:City><B style="mso-bidi-font-weight: normal">, <st1:State w:st="on">Maine</st1:State> <st1:PostalCode w:st="on">04050</st1:PostalCode></B></st1:place><B style="mso-bidi-font-weight: normal"><o:p></o:p></B></FONT></FONT></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 10pt"><FONT face="Times New Roman">Mark Greene, Trustee, President<SPAN style="mso-tab-count: 6">
</SPAN><SPAN style="mso-spacerun: yes"> </SPAN>Mary McAleney,
Trustee<o:p></o:p></FONT></SPAN></I></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 10pt"><FONT face="Times New Roman">Tammy Hohn, Trustee, Vice-President<SPAN style="mso-tab-count: 5">
</SPAN>Leah Doughty, Secretary <o:p></o:p></FONT></SPAN></I></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 10pt"><FONT face="Times New Roman">Amy Tierney, Trustee<SPAN style="mso-tab-count: 6">
</SPAN><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-tab-count: 1">
</SPAN>Stephen Train, Treasurer<o:p></o:p></FONT></SPAN></I></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><I style="mso-bidi-font-style: normal"><SPAN style="FONT-SIZE: 10pt"><FONT face="Times New Roman">Newell Stewart, Selectman Trustee<SPAN style="mso-tab-count: 6">
</SPAN>Ruth Peterson, Registered Agent<o:p></o:p></FONT></SPAN></I></P>
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<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"><SPAN style="FONT-SIZE: 11pt"><SPAN style="mso-spacerun: yes"> </SPAN>July 12, 2010</SPAN><SPAN style="FONT-SIZE: 11pt; FONT-FAMILY: Arial"><o:p></o:p></SPAN></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-FAMILY: Arial"><FONT size=3><STRONG>MaineHousing
Grant Update \u2013 Next Phase<o:p></o:p></STRONG></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-FAMILY: Arial"><FONT size=3><STRONG>Meeting on
Tuesday, July 20<SUP>th</SUP> with Genesis Community Loan
Fund\u2019s<o:p></o:p></STRONG></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-FAMILY: Arial"><FONT size=3><STRONG>Liza
Fleming-Ives and <st1:place w:st="on">Island</st1:place> Fellow Mary
Terry</STRONG>.<o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center" align=center><SPAN style="FONT-SIZE: 24pt; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-SIZE: 24pt; FONT-FAMILY: Arial"><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-tab-count: 1"> </SPAN></SPAN><SPAN style="FONT-FAMILY: Arial"><FONT size=3>On Tuesday, June 22, Island Institute
Fellow Mary Terry gave the YRHCorp members present an overview of the
MaineHousing grant available at this time to build two rental houses (with
option to own) on two of our Town owned lots.<SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1">
</SPAN>While the available $175,000 per house (total $350,000 for both per
<st1:place w:st="on">Island</st1:place>) will cover most of the up front cost of
such a project, there will probably be the need to seek some additional funding
in the form of a loan to cover part of the project and associated
costs.<o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1">
</SPAN>The strong interest already shown by several Island residents to further
explore this opportunity has encouraged us to set up a meeting for a \u201cwalk thru\u201d
of MSHA program details with Genesis\u2019 Liza Fleming Ives to understand more fully
the costs, obligations, limitations, etc. that are involved with this
program.<o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1">
</SPAN><U>The meeting is tentatively scheduled at 5:00 PM at the Casco Bay Lines
Conference Room on Tuesday, July 20.</U><SPAN style="mso-spacerun: yes">
</SPAN>This time and place has been selected to facilitate Liza\u2019s travels to
<st1:City w:st="on"><st1:place w:st="on">Portland</st1:place></st1:City> and
back home at a reasonable hour and to make it convenient for commuters from Town
to attend as well as Islanders with travel on the 4:20 boat following work and
be able to return on the 7:15.<SPAN style="mso-spacerun: yes"> </SPAN>While there is never a
perfect time for a meeting this was selected to try to accommodate as many
variables as possible.<SPAN style="mso-spacerun: yes">
</SPAN><o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1">
</SPAN><U>It is important for YRHCorp Trustees and potential housing candidates
to attend to fully understand whether we move forward with this.<SPAN style="mso-spacerun: yes"> </SPAN>Please confirm with me by e-mail or
phone (766 4440) as a YRHCorp member or potential candidate for this program by
Wed., July 14 that you <B style="mso-bidi-font-weight: normal">can or
cannot</B> attend this meeting.</U><SPAN style="mso-spacerun: yes">
</SPAN><SPAN style="mso-spacerun: yes"> </SPAN>Should we decide to continue
on, this is a big step for the YRHCorp.<SPAN style="mso-spacerun: yes">
</SPAN>There is much risk, in my opinion, to move forward unless we have a
strong commitment from potential renters and/or owners of these homes that this
is something they definitely want. <o:p></o:p></FONT></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN style="FONT-FAMILY: Arial"><FONT size=3><SPAN style="mso-tab-count: 1">
</SPAN><SPAN style="mso-spacerun: yes"> </SPAN>I will re-confirm the time,
date, and location of the meeting in a day or so<SPAN style="mso-spacerun: yes"> </SPAN>All details of this meeting are
confirmed except the meeting room and adequate positive response from members.
<o:p></o:p></FONT></SPAN></P>
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</SPAN><SPAN style="mso-spacerun: yes"> </SPAN><SPAN style="mso-spacerun: yes"> </SPAN><o:p></o:p></FONT></SPAN></P>
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