Let's determine how many houses on Main Street are made of brick.
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Calculate half of the houses: There are 42 houses in total, so half would be: \[ \frac{42}{2} = 21 \]
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Determine how many houses are made of brick: Three less than half of the houses means we subtract 3 from 21: \[ 21 - 3 = 18 \] So, 18 houses are made of brick.
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Calculate how many houses are not made of brick: To find out how many houses are not made of brick, subtract the number of brick houses from the total number of houses: \[ 42 - 18 = 24 \]
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Determine how many of the remaining houses are painted blue: It is given that 12 of the remaining houses are painted blue.
So, the number of houses on Main Street that are painted blue is: \[ \boxed{12} \]