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The Affordable Housing Trust approved up to $15,000 in closing-cost assistance as a loan for the purchase at 1 Webster Drive. It also authorized repayment of a $9,519.08 mortgage balance tied to a prior assistance loan and reviewed draft recommendations to improve oversight of future housing projects.
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A Nantucket buyer will receive up to $15,000 in Trust-funded closing-cost assistance, with any unused amount returned to the Trust. The Trust also authorized collection of the full $9,519.08 principal balance on a prior loan connected to 45A Beach Grass Road. A draft audit of the Wiggles Way project recommended fixed developer fees, competitive bidding when feasible, maximum-price contracts, and independent construction oversight.
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