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The board confirmed 24 Tom’s Way LLC as a nonprofit-affiliated entity to develop and manage new affordable housing and approved transferring $50,000 to it. The board also declared three properties available for disposition: 1 Castle Lane, 7 Emerald Way, and 12 Sherwood Lane.
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The actions create an affiliated organization and provide initial funding for developing and managing additional affordable units. Three properties were made available for disposition, although the minutes do not describe the planned method or timing of disposition. The authority reported three vacancies at Hansen Village, while new state and federal voucher issuance remains paused.
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