A Massachusetts-based developer plans to target medical workers from the nearby MaineGeneral Medical Center with efficiency and one-bedroom market rate apartments off Civic Center Drive.
housing
Posted inKennebec Journal, Local & State
Augusta councilors express support for tax break for 250-unit apartment complex
Saxon Partners is seeking a tax increment financing deal with the city that would return 70% of the tax revenue over 25 years, or about $7.8 million, to the developer.
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Posted inBusiness, Local & State
National eviction ban may help thousands of Mainers – for now
A moratorium on certain pandemic-related evictions has been imposed through the end of the year, but many say further congressional action is needed to address the threat of mass homelessness.
Posted inBusiness, Nation & World
Wave of evictions expected as moratoriums end in many states
Housing advocates fear that they could see a wave of evictions in the coming months, as states end moratoriums put in place during the coronavirus pandemic.
Posted inBusiness, Local & State, News
Wave of evictions expected as courts reopen, assistance and protections expire
Thousands of evictions could be filed when hearings resume Aug. 3, and the Maine Affordable Housing Coalition is building a database to help inform policymakers.
Posted inBusiness, Local & State, News
Low-income Mainers barely hanging on to keep paying rent, research shows
Some are falling behind on other bills, using food pantries or relying on federal and state assistance, which experts say is not sustainable with financial aid programs set to expire.
Posted inEditorials, Opinion
Our View: More federal aid needed to prevent widespread evictions
The steps taken so far have largely worked, but that help will come to an end soon unless Congress acts.
Posted inBusiness, Local & State, News
Portland to start providing rental assistance with $500,000 fund
Starting this month, the program offers residents who are struggling financially because of the pandemic as much as $2,500 to help cover rent and utilities.
Posted inKennebec Journal, Local & State
Restricted due to pandemic, evictions could resume next month in Maine
Central Maine landlords say their inability to evict nonpaying tenants has left them holding big bills.
Posted inBusiness, Nation & World
U.S. mortgage rates fall; benchmark 30-year at all-time low of 3.13%
The average rate on the 15-year fixed-rate mortgage eased to 2.58 percent from 2.62 percent.