More and more homes are hitting the market in Maine, but inventory still remains well below what experts consider a balanced level.
Housing crisis
Posted inBusiness, Maine, News
New housing report paints dour picture for Portland’s poorest renters
A new report from Harvard University shows that for the first time, more than half of Portland renters are considered cost-burdened, meaning they spend more than 30% of their income on housing.
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Posted inBusiness, Maine, News
MaineHousing announces $13M for new projects, including in Time and Temperature building
The quasi-state agency warns that without more money from the Legislature, affordable housing production will slow dramatically.
Posted inBusiness, Maine, News
MaineHousing programs to add hundreds of homes, but the money is running out
MaineHousing has in the last month announced more than $30 million in funding to boost construction of single-family homes and apartments.
Posted inMaine, News
Maine housing advocates warn of coming ‘tsunami’ of USDA foreclosures on rural homes
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.
Posted inMaine, News
Portland City Council extends hotel moratorium another 6 months
Monday’s council meeting began with comments by the Portland Tenants Union, which says it has found widespread noncompliance with the city’s rent control law.
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 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 inMaine, News
In Saco, the anatomy of a housing proposal toppled by residents
A recent battle over a large housing development embodies how small groups of vocal neighbors can apply pressure to local planning officials.
Posted inBiddeford-Saco-OOB Courier
Biddeford affordable housing proposal clears important hurdle
Bateman Partners is one step closer to being approved to build 60 new affordable housing units and renovate 32 more in Biddeford.