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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">,<SPAN
style="mso-spacerun: yes"> </SPAN><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>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"
align=center><o:p><FONT face="Times New Roman" size=3> </FONT></o:p></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">Mark Greene, Trustee, President<SPAN
style="mso-tab-count: 6">
</SPAN><SPAN style="mso-spacerun: yes"> </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">Tammy Hohn, Trustee, Vice-President<SPAN
style="mso-tab-count: 5">
</SPAN><SPAN style="mso-spacerun: yes"> </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">Amy Tierney, Trustee<SPAN
style="mso-tab-count: 5">
</SPAN><SPAN
style="mso-tab-count: 1">
</SPAN><SPAN style="mso-spacerun: yes"> </SPAN>Ruth
Peterson, Registered Agent<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">Sandra Scheurman,
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">Newell Stewart, Selectman
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"><o:p><FONT
face="Times New Roman"> </FONT></o:p></SPAN></I></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
size=3>April 8, 2009</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman">To:<SPAN style="mso-spacerun: yes">
</SPAN>YRHASC<SPAN style="mso-spacerun: yes"> </SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
size=3>Subject:<SPAN
style="mso-tab-count: 1">
</SPAN>April 7, YRHCorp:<SPAN style="mso-spacerun: yes">
</SPAN>Property available for Lease to Homesteaders</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
size=3>Last night\u2019s YRHCorp meeting was a productive one, although shy of many
participants.</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
size=3>Although the minutes are not yet available, we did pass the two proposed
amendments to the Lease that were suggested by YRHASC.<SPAN
style="mso-spacerun: yes"> </SPAN>We also had a
wide ranging discussion on future goals and needs including projects that might
be tackled by the present and future potential Island Fellows.</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman">Kate Power had forwarded me some information about
potential up coming monies that might be available soon for assistance to new
home owners and builders. <SPAN style="mso-spacerun: yes"> </SPAN>Here is
the summary of that:<SPAN style="mso-spacerun: yes">
</SPAN></FONT></FONT><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><BR><BR>I spoke with
Aaron Shapiro of the Cumberland County Community Development this morning
regarding the HOME program. He will be contacting you at some point (soon, I
think) to go into a little buit more detail as to how YRHC could benefit from
the funds, but here is what he told me:<BR><BR>-YRHC would be eligible for
funds, even with 501(C)3 status.<BR>-There is potentially $500,000 coming from
stimulus funds into CCCD for the HOME program, to be distributed only to towns
in <st1:place w:st="on"><st1:PlaceName w:st="on">Cumberland</st1:PlaceName>
<st1:PlaceType w:st="on">County</st1:PlaceType></st1:place><BR>-The money would
be primarily used for mortgage assistance, whether it be for first-time home
buyers, negotiating second mortgages or other financial assistance.<BR>-It is
possible there will be money for development<BR>-Long-term affordability of
housing is the main objective of the program.<o:p></o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><SPAN
style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><o:p> </o:p></SPAN></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT size=3><FONT
face="Times New Roman">Since these funds are going to be available shortly it
seems,<SPAN style="mso-spacerun: yes"> </SPAN>we discussed last night the
wisdom of getting our available properties advertised sooner rather than later
so that if someone is going to move forward,<SPAN
style="mso-spacerun: yes"> </SPAN>this may be of assistance.<SPAN
style="mso-spacerun: yes"> </SPAN>We wanted to run this by your committee
to see if this makes sense, even though the application process is not yet quite
fine tuned.<SPAN style="mso-spacerun: yes"> </SPAN>If this can
work, we will begin advertising the 3 available properties immediately and have
them contact ________________?<SPAN style="mso-spacerun: yes"> </SPAN>to
at least register an interest to begin the application process when it is
ready.<SPAN style="mso-spacerun: yes"> </SPAN></FONT></FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><FONT face="Times New Roman"
size=3>Thanks,<SPAN style="mso-spacerun: yes">
</SPAN>Mark</FONT></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></P>
<P class=MsoNormal style="MARGIN: 0in 0in 0pt"><o:p><FONT face="Times New Roman"
size=3> </FONT></o:p></P></DIV>
<DIV> </DIV>
<DIV><FONT lang=0 face=Arial size=2 FAMILY="SANSSERIF"
PTSIZE="10"></FONT> </DIV></FONT><br/><font style="color:black;font:normal 10pt arial,san-serif;"> <hr style="margin-top:10px"/>Feeling the pinch at the grocery store? <a href="http://food.aol.com/frugal-feasts?ncid=emlcntusfood00000001">Make dinner for $10 or less</a>.</font></DIV></BODY></HTML>