A South Portland property management company has agreed to pay a $3,500 fine and perform $32,000 in lead abatement projects to settle claims with the federal Environmental Protection Agency that it failed to notify residents in Freeport and Portland about the presence of lead paint in apartments.

The EPA announced today that the violations potentially put residents at risk of exposure to lead, a heavy metal which can retard brain development in children and contribute to high blood pressure and nerve disorders in adults.

Preservation Management Inc. manages 70 properties totalling 7,000 housing units in 13 states. Almost 700 of the units were built in New England before 1978 when lead paint was banned.

The company was accused of failing to tell eight tenants about lead paint at its Lafayette Square apartments in Portland and Maplewood Terrace in Freeport and failing to inform a resident before renovations took place.

Preservation Management will remove lead-painted trim at Lafayette Square, a 97-unit facility that has significant lead paint in its common areas, the EPA said.


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