While Americans continue to struggle under high rents, as many as 223,000 affordable housing units could disappear in the next five years.
affordable housing
Posted inBusiness, Local & State, News
Two of Maine’s most rural counties need to build more housing more quickly, state says
A report published Tuesday includes targets that each county should hit to meet a statewide goal of adding 84,000 homes by 2030. But it falls short of issuing any mandates.
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Posted inBusiness, Local & State, News
Can luxury apartments actually help solve Maine’s housing crisis?
Despite pervasive ‘supply skepticism,’ the evidence suggests the answer is yes: As the number of homes grows in an area, prices tend to fall and lower-cost units get freed up. But advocates say it takes time – and there are many hurdles.
Posted inBusiness, Election 2024, Nation & World, News, Politics
Housing’s worst crisis in decades reverberates through 2024 race
At stake in the next two months are the votes of frustrated homebuyers and renters in battleground states.
Posted inElection 2024, Local & State, Politics
Democratic lawmakers, developer endorse Harris’ plans to ease affordable housing crisis
A June poll found that 15% of people surveyed identified housing and affordable housing as a top issue in Maine, ahead of the economy and the cost of living.
Posted inLocal & State, Morning Sentinel, News
New Waterville programs aimed at improving neighborhoods through home ownership, repair
The city will use $500,000 in federal funds to begin three programs recommended by the Waterville Housing Committee aimed at helping low- and moderate-income residents.
Posted inKennebec Journal, Local & State
Affordable housing project in Hallowell’s Stevens Commons closing in on final approval
Tree Tops Housing is aimed at tenants earning 80% or less of the area’s median income for the next 45 years, with specific rent limits set by Maine State Housing Authority.
Posted inLocal & State, News
In fight for more housing in Maine, one barrier rises above the rest: Us
The state’s ongoing housing crisis wasn’t caused by one thing, but it has put homeownership out of reach for an entire generation and created ripple effects on the broader economy.
Posted inBusiness, News
Price of typical Maine home climbs above $400,000 for first time
‘It was only a matter of time before (Maine) crossed the threshold,’ said Paul McKee, president of the Maine Association of Realtors.
Posted inBusiness, Local & State, News
State distributes $3 million to boost sales of Maine-made goods
Forty-six Maine companies received a share of the grant funding as part of the Maine Jobs and Recovery Plan.