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The Affordable Housing Trust approved up to $200,000 for a year-round deed restriction at 10 Arkansas Avenue, authorizing a contract and closing documents after required due diligence was completed.
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The funding will support keeping the property at 10 Arkansas Avenue available for year-round housing under the pilot program. The Trust also updated income limits for its Closing Cost Assistance Program to match 2026 federal Housing and Urban Development limits and approved a waiver for an applicant at 17B Essex Road. A reviewed analysis found no negative housing-market impacts in other seasonal communities with real estate transfer fees.
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