The median home sale price in Maine last month was over $409,000 – another record.
housing
Posted inBusiness, Local & State, News
Statewide eviction prevention program to begin taking applications Monday
The program, funded with an $18 million allotment from the state, will provide a two-fold approach to rent relief: offering tenants one-time assistance paying back-rent, plus monthly rent subsidies for one year.
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Posted inBusiness, Kennebec Journal, Local & State, News
‘Game-changing’ proposal would bring hotel, apartments, retail to former Kmart in Augusta
Due to the height of the proposed hotel – up to 85 feet – the project needs a contract zone from the city’s Planning Board.
Posted inBusiness, Local & State, News
Maine organization aiming to end homelessness hires first executive director
Dean Klein, a homeless prevention advocate most recently from Virginia, has been tapped to lead the Maine Continuum of Care.
Posted inLocal & State, Morning Sentinel, News
From parking to trash, Skowhegan officials consider future development
The town’s Board of Selectmen and Planning Board met for their annual joint meeting Tuesday, discussing more than a dozen goals and priorities for the next year.
Posted inBusiness, News
‘Land bank’ sets sights on first goal: Revitalizing East Millinocket mill
The new state authority wants to create business space and housing in empty properties that private and municipal developers won’t take on.
Posted inKennebec Journal, Local & State, News
Augusta apartment building fire displaces 19 people, including 10 children
The apartment where a fire started on South Belfast Avenue on Tuesday night did not have a working smoke detector, officials said.
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.
Posted inBusiness, Local & State, News
Federal bill could ease housing crisis in rural Maine
Towns want and need more housing but say they lack the developers and the money to make it happen.
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.