The Department of Agriculture says it’s clearing a backlog of 400 foreclosures and more than 800 delinquencies left by the Biden administration. But local housing advocates say the crisis was years in the making and that the USDA has always been slow to act when its borrowers default.
housing
Posted inUncategorized
Maine lawmakers still betting on accessory dwelling units to help end housing crisis
Following the passage of a landmark law in 2022, a bill seeks to further encourage the construction of small housing units also known as in-law suites.
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Posted inBusiness, Maine, News, Uncategorized
Mainers call on lawmakers to protect renters, boost housing production
The Legislature’s Housing and Economic Development Committee heard from renters, advocates, landlords and developers during a daylong hearing on the state’s housing crisis.
Posted inBusiness, Maine, News
Maine home prices finally fell last month, but don’t celebrate yet
The last year-over-year sales decrease was in March 2019, when the median sale price was $200,000.
Posted inBusiness, Maine, News
Maine takes first step toward more accurately tracking efforts to resolve housing crisis
A bill to require Maine cities and towns to report annual home construction data is headed for the House — but without bipartisan support or a mandate that all municipalities participate.
Posted inBusiness, Kennebec Journal, Maine, News
Gardiner breaks ground on 32-unit affordable housing project
The Iron Heights development is the latest in a string of affordable housing projects spearheaded by Mastway Development’s Matt Morrill.
Posted inBusiness, Maine, Morning Sentinel, News
Skowhegan Spinning Mill gears up to open hotel, restaurant, apartments
The project, which brings together a hotel, apartments and restaurant in a former mill hopes to capitalize on the momentum brought by other investments and planned projects in Skowhegan.
Posted inHealth, Maine, Politics
Bill aims to help veterans home care provider keep operating
Proposed Medicaid cuts could be devastating for Maine Veterans’ Homes, which has locations throughout the state and has been around for over 40 years.
Posted inBusiness, Maine, News
Bill would offer more accurate data on number of homes built in Maine
LD 1184 would help housing advocates track progress in building 84,000 new homes by 2030.
Posted inBusiness, Maine, News
Maine lawmakers consider raising taxes on home sales over $1M
A bill would increase the real estate transfer tax on some of the state’s most expensive properties to fund affordable housing initiatives. But it would also give some tax relief to first-time home buyers.