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.
affordable housing
Posted inBusiness, Maine, News
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 inMaine
Proposed 96-unit development draws opposition in Scarborough
Height, environmental impacts and where to put the entrance are among concerns residents and Planning Board members have with the South Portland Housing Authority’s proposed Marshview Apartments.
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, 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, News
Residents of Gorham mobile home park could be the latest to buy their community
The owners have an $87.5 million offer for a four-state, eight-park deal, but residents of Friendly Village could decide to buy their park for $22 million.
Posted inMaine
Saco plans housing action plan listening sessions
Starting April 22, Saco residents will have the opportunity to attend listening sessions regarding housing.
Posted inLewiston-Auburn, News
Legislation could create starter home program modeled after Lewiston project
Amy Smith, executive director of Healthy Homeworks, said a state program could close the financing gap for renovating aging housing stock for first-time homebuyers.
Posted inMaine
Biddeford discusses affordable housing strategies
Biddeford plans to work on strategies to receive more Low Income Housing Tax Credits in order to build more affordable housing in the city.
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.