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Affordable Housing Trust declares two trust‑owned parcels surplus, authorizes RFPs
Summary
The Trust voted unanimously to declare Unit C (8C) 30 Acres Lane and 14 Somerset Lane surplus and authorized disposition under Chapter 30B; staff outlined a portfolio review and recommended phased disposition of several other trust parcels.
The Nantucket Affordable Housing Trust on Oct. 21 voted to declare two trust‑owned properties surplus and authorized disposition and requests for proposals under state procurement law.
The trust declared Unit C (8C) 30 Acres Lane and 14 Somerset Lane surplus and authorized disposition under General Laws Chapter 30B, Section 16. The votes were unanimous by roll call.
Why it matters: The trust owns a portfolio of vacant lots and buildings purchased for affordable housing. Staff told the trust that proceeds from any sale or lease would return to the trust fund and that disposition can include sales or leases; declaring a parcel surplus does not itself require demolition.
What the trust discussed: Staff (Christy Richmond) reviewed the trust’s inventory of ten properties acquired since the trust’s founding, including vacant parcels and existing dwellings. Items discussed…
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