The $15.3 million in grants and loans are earmarked for affordable housing.
housing
Posted inBusiness, Local & State
Maine home sales continue record-breaking pace
While national sales activity dropped 6.7 percent in November, the volume of sales in Maine increased by nearly 3 percent.
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Posted inLocal & State, News
Portland landlord who was fined $510,000 for code violations loses last appeal
Justices rule that the large penalty was warranted for life safety and code violations that Sulan Chau failed to correct at her apartment building.
Posted inBusiness, Local & State
Deering Lumber purchased by Illinois company
U.S. LBM said it was attracted to the Biddeford company because of its customer base and product offerings.
Posted inBusiness, Local & State
More than 100 apartment units sold in Sanford
The transaction is the largest single transfer of dwellings in the city’s recent past.
Posted inBusiness, Local & State
Maine home sales start 4th quarter strong
Purchases of existing single-family homes rose 3.4% in October and the median price hit $215,000, up 4.9%.
Posted inBusiness, Nation & World, News
Mortgage rates remain high, slowing U.S. home sales
Rates are at their highest levels in nearly eight years.
Posted inLocal & State
Portland landlord appeals $500,000 fine to Supreme Court, saying city should have cracked down sooner
Sulan Chau was fined for code and life safety violations over 2½ years, but her attorney argues that the penalty is excessive because officials waited too long to take action.
Posted inNation & World, News
California’s housing shortage strains budgets, forces families to rent out bedrooms
Salinas, an inland farming community, has been designated one of America’s least affordable places to live, and residents lack faith that politicians understand the reality of the region’s housing crisis.
Posted inBusiness, Local & State, News
Portland housing committee to ask for 6-month moratorium on some short-term rentals
Members decide to ask the City Council to temporarily stop registering new non-owner-occupied units until councilors can come up with tighter regulations on Airbnb-style accommodations.