[Year-Round Housing] MaineHousing Grant - Meeting July 20 - RESPONSE NEEDED

[Mlongreene2 at aol.com]

Year Round Housing  Corporation 
Town of Long  Island 
Wharf Street - Box 263 
Long  Island, Maine 04050 

Mark Greene, Trustee, President                                             
                                          Mary McAleney,  Trustee 
Tammy Hohn, Trustee, Vice-President                                         
                                   Leah Doughty, Secretary  
Amy Tierney, Trustee                                                        
                                                 Stephen Train, Treasurer 
Newell Stewart, Selectman Trustee                                           
                                      Ruth Peterson, Registered Agent 
July 12, 2010 
MaineHousing  Grant Update – Next Phase 
Meeting on  Tuesday, July 20th with Genesis Community Loan  Fund’s 
Liza  Fleming-Ives and Island Fellow Mary  Terry. 

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.   
While the available $175,000 per house (total $350,000 for both per  
Island) 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. 
The strong interest already shown by several Island residents to further  
explore this opportunity has encouraged us to set up a meeting for a “walk 
thru”  of MSHA program details with Genesis’ Liza Fleming Ives to understand 
more fully  the costs, obligations, limitations, etc. that are involved with 
this  program. 
The meeting is tentatively scheduled at 5:00 PM at the Casco Bay Lines  
Conference Room on Tuesday, July 20.  This time and place has been selected to 
facilitate Liza’s travels to  Portland 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.     While there is never a  perfect time for a meeting this was 
selected to try to accommodate as many  variables as possible.     
It is important for YRHCorp Trustees and potential housing candidates  to 
attend to fully understand whether we move forward with this.  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 can or  cannot attend 
this meeting.   Should we decide to continue  on, this is a big step for the 
YRHCorp.  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.  
I will re-confirm the time,  date, and location of the meeting in a day or 
so  All details of this meeting are  confirmed except the meeting room and 
adequate positive response from members.   
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