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The Affordable Housing Trust voted unanimously to enter executive session to consider the purchase, exchange, lease, or value of properties at 20 Nancy Ann Lane and 158 Madaket Road, without returning to open session.
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The Trust will discuss two potential real-estate transactions privately because public discussion could harm its negotiating position. Habitat for Humanity Nantucket reported that its Waitt Drive development is about three months from completion and has used approximately $3 million in Trust funding. Its $7,500 advertising pilot generated 367,000 hits but no responses.
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